Erachain Brings Security in E-Commerce by Announcing details of Innovative Payment Service Safe Pay

Updated on Oct 25, 2018 at 7:45 pm UTC by · 2 min read

Blockchain-developer Erachain, together with IT companies iSimpleLab and iDSystems, specializing in the development of banking software, created an innovative payment service based on blockchain technology.

Safe Pay will allow customers of online stores to renounce the usage of bank card payment data when making online purchases. To pay the order on the store’s website, the customer needs only to specify a phone number, after which the generated payment invoice will go to the client’s mobile bank.

Safe Pay provides the banks with the opportunity to avoid the possibility the client’s bank card payment data being compromised, as well as to receive a more profitable percentage from the sale of each product in the online store.

Erachain Blockchain Platform

Dmitry Ermolaev, creator of the blockchain platform Erachain said:

“From the very beginning of work on our blockchain platform, we were looking for implementation in the financial sector. I admit honestly, it was not easy to find like-minded people, but I am glad that we managed to cope and to create a truly useful product that brings security in e-commerce to a new level”

Erachain is an international software with a unique set of functions, based on blockchain technology for individual use and development of corporate solutions.

The platform makes possible to complete the aml / kyc process with personalization, to reduce the cost of cargo delivery in logistics, to monitor the circulation of pharmaceuticals, to create digital assets, to assign statuses, to conduct voting, to find new business solutions in all sectors of economy.

The Erachain project is actively developing and will enter the stock exchanges in the near future to raise additional funds for development.

iSimpleLab

Is a mobile, modern, consumer and market-oriented Russian company developing internet banking software.

The iSimpleLab management consists of the high-level professionals with more than ten years of experience in the internet banking technology. The team is headed by Dmitry Barsukov, one of the leading experts in the field of internet banking.

iDSystems

Is a well-known company in the development and distribution of software products on the bank market providing the exchange of documents in electronic form between credit organizations and government agencies.

iDSystems keeps more than 25% of the bank software market in the field of electronic document management with government agencies and has contractual relationships with 43% of banks of the TOP-100 level in terms of assets, according to data from the Central Bank of the Russian Federation.

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