Yes, it is safe and secure to enter your bank details in RentRedi.
RentRedi is partnered with TSYS ProPay for payments. TSYS is the largest third-party processor for issuing banks in North America, with a 40% market share, and one of the largest in Europe.
TSYS Propay delivers a payment security solution that ensures that customer payment data is safe and secure, whether such data comes from credit card, debit card, or ACH (Automated Clearing House) payments.
Aside from encryption, ProPay uses tokenization to protect payment data. Tokenization is a data security process wherein existing payment data is replaced by tokens. As an example, once payment data such as a credit card number is substituted with a token, the POS terminal captures the token and passes it to the merchant’s internal systems where it is stored. Therefore, the token is the one that gets stored in the POS terminal or in any of the merchant’s internal system, not the customer’s sensitive data.