Is money transfer secure?
In an increasingly flat world with blurring boundaries and time zones, there is a continuous demand for human and business interactions round the clock and in real time! Since all transactions are driven primarily by monetary considerations, we need to look at faster ways to make and receive payments for goods and services supplied. With speed being of essence in the process, traditional methods like cash and checks no longer make the cut and funds need to be transferred instantly making use of technological advances like the internet in the form of electronic money transfer.
Given the inevitability of money transfers, there is the need to make them safe and fool proof. Reputed players of the money transfer industry like Western Union and MoneyGram have made giant strides in the use of technology and continuous training of the concerned personnel to allay fears regarding the security aspects of money transfer. Most of these organizations facilitate easy bank to bank transfers with transparent rates.
The status of an individual transfer transaction can be monitored online using specific identification numbers assigned to the transaction. This assigned number is called Money Transfer Control Number (MTCN) in the case of Western Union. In addition to the actual visibility of payment status online, you also have the additional reassurance of a confirmatory e-mail on the completion of the transaction. Tracking over the telephone, through toll free numbers, 24 hours a day, 6 days a week further serve to improve customer confidence and trust. In case of transfers made through MoneyGram, the reference number for the transaction is communicated to the recipient by the sender himself and the receiver has to quote this number for successful collection of the cash. Identities of both sender and recipient are to be authenticated by the presentation of valid documents of personal identification. The speed of money transfers through such agencies is an assurance in itself because errors are detected early enabling timely restitution.
Another aspect of safety in money transfers, especially online has to do with the safety and security of personal information provided by you to enable successful completion of the transaction. Most reputed companies like Western Union are in strict legal conformity with requirements of data security and protection of privacy of online users. The registered users of the online facilities are strictly password protected, with security questions to further buttress safety. The company also has a toll free hotline number you could call in case you suspect fraudulent elements to a transaction. The company also takes adequate anti-phishing measures by constantly communicating about the safety precautions and safeguards in place. In fact, the website illustrates typical phishing e-mails as a means to empower the customers to identify such attempts, should he be targeted.
Of course, the best of systems are prone to failure if not followed with diligent care. As a customer desirous of making money transfers online, you are well advised to take adequate care to preserve your systems and passwords from hacker attacks and report any suspicious activity with respect to your account!
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or the closest Western
Union in Richmond, CA, Los Cisneros Cellulars and More is your best choice!
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