TelestackCimbriaViganVan AalstGeneva DryPort of Stockton
  • Sailors Society
  • TOC Americas 2025
  • TBA Group
  • Cimbria
  • Geneva Dry
  • Port of South Louisiana

ShipMoney enhances account security

(Posted on 06/11/20)

Maritime Payment Solutions, LLC (ShipMoney), a global, industry-leading provider of payment solutions for maritime companies, has announced the introduction of ShipMoney Secure, a security feature developed to help keep seafarer accounts safe from cyber-attacks.

With ShipMoney Secure, users will register their personal device(s) to ensure that transactions are only initiated from the seafarer’s account.   Anybody who attempts to log in to their account from an unregistered device is asked a security question and blocked if unable to correctly answer.

Stuart Ostrow, President and Founder of ShipMoney, said: “In these times of unprecedented cyber-attacks and phishing, nothing is more important than protecting the hard-earned money of seafarers. The well-being of crew is our top priority as a company and ShipMoney Secure adds a strong layer of protection to their accounts. We are confident that our system is the most secure in the industry.”

In addition to device registration, ShipMoney has developed several other security features, including the use of one-time codes using two-factor authentication, the use of Visa 3D secure 2.0 for online purchases, and other proprietary features to reduce the risk of fraud.

Mr. Ostrow further noted, “At ShipMoney, our overarching objective is to continually develop our platform with innovative services that are timely and add significant value, while enhancing functionality to improve the account holder experience. A number of exciting developments are in the works and will soon be introduced.”

Latest News

Positive results for Pacific Basin despite weaker freight market

(Posted on 15/08/25)

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more


Swedish Club: Geopolitical volatility is new normal for marine insurance

(Posted on 14/08/25)

The shipping industry must accept that geopolitical instability is now a permanent part of the operating... Read more


Diverse vessel and market portfolio provides resilience for Algoma

(Posted on 11/08/25)

Algoma Central Corporation has reported its results for the three and six months ended June 30, 2025... Read more


Columbia: Compliance must be more than box-ticking exercise

(Posted on 11/08/25)

The International Maritime Organization’s Maritime Safety Committee (MSC) has sent a clear message... Read more


DNV and RSI complete study on decarbonising short sea dry bulk fleet

(Posted on 07/08/25)

Amid increasing pressure on shipping to achieve the IMO 2050 decarbonization targets, the Responsible... Read more


London P&I Club warns industry over incorrect FIBC loading

(Posted on 04/08/25)

The London P&I Club has renewed calls on ship owners, operators and charterers to address potential... Read more


Columbia Group calls for overhaul of maritime training

(Posted on 04/08/25)

Columbia Group is calling for urgent reforms in maritime education to address a growing shortage of... Read more


MIS launches as new global media platform

(Posted on 30/07/25)

Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more


Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war

(Posted on 30/07/25)

Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more


Noatum expands global footprint with inauguration of Shanghai office

(Posted on 30/07/25)

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more


Bühler GmbHSailors SocietyTBA GroupPort of South LouisianaTOC Africa 2025TOC Americas 2025
  • Van Aalst
  • TOC Africa 2025
  • Bühler GmbH
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping