The ability to handle online transactions is dependent on the safety of sensitive financial information. Allied Wallet has a remarkable 0.04 percent fraud rate, hundreds of times below the average for credit cards. The biggest struggle in getting customers to use e-commerce is trust that they will not be ripped off. Allied Wallet is one example of a company working to take care of the trust issue.

1. Allied Wallet

2.  The ability to handle online transactions is dependent on the safety of
sensitive financial information. Allied Wallet has a remarkable 0.04
percent fraud rate, hundreds of times below the average for credit cards.
The biggest struggle in getting customers to use e-commerce is trust that
they will not be ripped off. Allied Wallet is one example of a company
working to take care of the trust issue.
They accomplish this through a robust encryption method that converts
individual numbers into hundreds of scrambled characters, making it
nearly impossible to break through. The use of encryption and
cryptography dates back centuries, but the last hundred years has been
the heyday for encrypting and protecting information. Where once it was
the domain of military intelligence, like the enigma machine of World
War Two, now encryption has its most common use in protecting
financial data. What once was the domain of physical keys and ciphers is
now the domain of supercomputers and algorithms that churn through
millions of different characters and codes.