APSL out with e-payment solutions to achieve secured online transactions    

Amplified Payment System Limited (APSL), an e-payment solution provider has opened variety of secured network payment schemes to enable businesses carry out online transactions.
Segun Adeyemi, Co-Founder/CEO, Amplified Payment System Limited said the company has carved a niche for itself in the electronic payment industry by focusing majorly on businesses that have a need to accept recurring payments.
According to him, “Payments such as loan repayments, automated savings, insurance premium contributions, mortgage payments, pension contributions, utility bills, subscription services, e-commerce payments and more can be easily collected and automated using Amplify”.
Adeyemi observes that the use of electronic payment systems provides lots of benefits to its users saying that the arrival of the internet has taken electronic payments and transactions to an exponential growth level.
“Consumers could purchase goods and services from the internet and send unencrypted credit card numbers across the network, which did not provide much security and privacy. But a wide variety of new secure network payment schemes have been developed as consumers became more aware of their privacy and security”.
On the ways the company ensure security of online transactions, Adeyemi  disclosed that Amplify does this by using customers’ ATM card or account details to automate debits of customer’s accounts on behalf of the businesses upon authorisation by the customers.
“Amplify is easy to use and can be set up in minutes by businesses without consulting an IT person. More technical users can integrate Amplify into their web or mobile application using Amplify’s APIs. All transactions on Amplify are processed via a PCI DSS compliant, licensed and 3D secure payment gateway via an SSL encrypted channel” he said.
He further said that Amplify has signed up over 700 large, medium and small scale businesses in Nigeria processing thousands of transactions worth millions of Naira daily, saying that Amplify has been recognised by and participated in some major Fintech platforms and Events respectively.