Safeguarding Children online has become critical. In today’s digital age, the internet offers the world boundless opportunities for applications that improve education, provide entertainment, and facilitate accessible communication. However, the web also presents significant risks, especially for children. The internet’s anonymity has become a breeding ground for illegal activities, including the distribution of child abuse material.
In order to combat this internet plague, organizations like the Internet Watch Foundation (IWF) play a crucial role. In this blog post, we will delve into the role of the IWF and what payment processors should do to help protect children online. Collaboration between payment processors and the Internet Watch Foundation (IWF) help to detect child abuse.
Payment processors have a great responsibility in detecting and reporting child abuse. PSPs must take steps to prevent their system from being abused to process transactions involving child abuse. Safeguarding children online has to be on the top of the agenda of their risk management and compliance departments. Payment processors have a moral duty to implement age verification solutions as part of their KYC procedures. Robust monitoring systems help to prevent their platforms from being used for illegal activities such as child exploitation. I have written this article on behalf of payment processor Segpay, as many other articles on their Blog site.