Skip to main content

4 Ways To Secure Payment Processing



In this world where everything has gone online, cyber criminals are having the time of their lives in terms of e-commerce and m-commerce transactions. To stop them from playing with the security of finances and customers data, merchants have to have the best payment security protocols. One of the best things they can do is selecting the reliable and safe payment gateways. 

If we talk about credit card payments, they count for the most usual forms of payments. Owing to the terrific increase in the number of online payments, the number of scammers has also grown exponentially. These criminals have expert hands on utilizing technologies in their favor, which clearly signifies their interest in insecure payment processing.

Is there any way to ensure payment processing solutions? Thankfully there is! Following a few careful points can play a great role in securing the data as well as keeping it away from being stolen. Let’s take a look at some of those ways:

1. PCI COMPLIANCE

When processing payments on a website, PCI can’t be neglected. This is because PCI DSS guides the merchants about the essentials they need to safeguard the confidential data belonging to the payment industry. However, merchants who have payment provider with PCI level 1, PCI complaint isn’t a necessity for them. Their payment gateway will itself comply with industry level security.

2. SSL

Be it any transaction, it has to be secured with SSL protocol. Reason being, it encrypts the details, which protects the card information and essential data. Apart from securing the payment security, this convinces the customers for more & more purchase.

3. VERIFICATION OF ADDRESS

Address verification is important like anything and is all about having the billing address of customers. This address is connected with their credit card. The transaction will take place only if the address is same on both the card and bank documents.

Controlling the location and saving payment data isn’t easy for majority of the companies and about 42% companies say that storing data is always risky. 

4. 3D SECURE

As clear with the name, 3D Secure adds additional safety to the transactions and has a number of benefits. For the credit card of the merchant, it protects the password. Every single transaction is verified using a password, which in its own way adds more to the security level. Not only this plays a major role in bringing down the fraud activities but also increases the earnings.

You too can secure your payment processing so as to offer nothing but the best payment security to the customers. All you need to do is contact the right payment processing solution providing company, discuss your concern and they will provide you the best support for secure payment processor.

This article originally appeared here: https://www.localbiznetwork.com/articles/4-ways-to-secure-payment-processing
Labels:
Location: United States

Comments

Post a Comment

Popular posts from this blog

Offshore Merchant Account: Why Your Business Need it?

Credit card payments have improved the prominence of many online businesses. If you have an eCommerce site, it will certainly do the same for you too. But then you will require to make certain that the offshore merchant account system you select is protected and secured for any kind of payment transfers. Getting an offshore merchant account would be a prudent thing to do. There are offshore merchant account providers in the market these days who can assist you with this. A business may not be able to run without having a merchant account as it allows the business owners to hassle-free credit card transactions. An offshore merchant account allows you to get away from paying high taxes. It gives you the chance for international trading, whereby offering multicurrency accounts.  Moreover, it also improves the potential of the company. By having installed, you can anticipate acquiring higher sales every month. Also, it decreases the tax liabilities of your business. With this,...
26 comments
Read more

Mastering eCheck Payment Processing for Restaurants — Tips for Success!

  In an era where digital transactions reign supreme, restaurants are continually seeking innovative solutions to streamline payment processes and enhance overall customer experience. One such method gaining popularity is eCheck payment processing . In this comprehensive guide, we will delve into the world of eCheck payments for restaurants, offering valuable insights and tips for success. Understanding eCheck Payment Processing — What is an eCheck? An electronic check, or eCheck, is a digital version of a traditional paper check. Instead of relying on physical documents, eChecks leverage the Automated Clearing House (ACH) network to facilitate secure and swift electronic transactions. Why eChecks for Restaurants? Flexible Transaction Limits: eChecks offer flexibility in transaction limits, making them suitable for a variety of transactions. Unlike credit cards that may have predefined spending limits, eChecks allow for larger transactions, which is particularly benefic...
Post a Comment
Read more

Electronic Check: An Efficient & Reliable Payment Method

As the trend of online businesses boomed, so did the various payment methods. It was a demand to bring in better fintech to ensure that businesses and customers could safely conduct online transactions without worrying. The reliability of any online payment method depends on its speed, authentication protocol and security. Electronic check is one such digital payment solution. Though eCheck is the modern digital version of centuries old conventional paper checks, it is undoubtedly an efficient payment method since it checks all the right boxes. eChecks are fast, secure, simple and user friendly. Their usefulness comes in when processing high risk transactions or larger amounts. They facilitate absolute mobility and provide users a way of paying anyone from anywhere without any hassle. They are fairly easy to operate since the user only has to fill in minor details and that’s all. They can be authorized over email or even on a recorded phone call. eChecks are also the go to payme...
2 comments
Read more