What Do We Really Want In An Online Payment Solution?

mr afam u right.
on what basis are these payment solutions graded. shoulnt we have a standard board for these agencies

@Ibkn & My2cents,

Thanks a lot for the responses.

Direct access to bank accounts may be desirable but it is the most risky because another that happens to access your bank account can effectively ruin the account holder.

Providing a layer on top of the bank account will suffice since it is more secure. That way, users can easily open an account strictly for online transactions in their own names and only transfer funds to that account when they need to make online purchases.

Remember, online transaction is all about security and convenience and when the chips are down security will rule.

Another problem with direct bank account transactions is that a criminal working in the bank could do a whole lot of things and the search light will be focused on every single entity with access to the database, not something one would want to get involved in with the level of awareness and/or seriousness the banks place on internet security or IT security losely speaking.

Thanks once again for the comments, I really do appreciate them.