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, you
26 comments
Read more

Why Businesses These Days Swear By Online Payment Processing?

If you own a small organization, you must be accepting payments via checks or cash. Though this seems easy and working for you at the moment, the rapid growth of credit card processing will surely affect it later. This is because every business is turning towards online payment processing services and accepting cash or check is reaching the edge of extinction. Well, there’s nothing to feel worried about, as online payments offer a number of advantages to the business as well as its customers. Nowadays, consumers feel more comfortable paying online. Therefore, websites that still don’t allow customers to use credit or debit cards are going out of step. Speed up the process There is no denying the fact that online payment processing is faster and better than manual payment. This is because there is no need to wait for the check to arrive or keeping any eye on it to see whether it’s clear. Right from submitting the payment to updating the bank account takes just a few seconds
8 comments
Read more

How To Choose The Best Payment Processor?

  Choosing the best payment processor for your business can be tricky considering it involves so many factors and variables. As a business owner, one might be perplexed as to which model fits their business best and minimizes losses in terms of chargebacks and friendly frauds. However, there are several guidelines and tips out there to solve this mystery and chalk out a clear checklist to determine the payment processing services one needs. If you are a startup or small business, laying down the foundation of your e-commerce business and setting up a payment processing system to receive money from the customers becomes imperative. It becomes difficult to find a reliable payment processing service sometimes, it is mainly because:     1. Your business is classified as high-risk.     2. You are a newcomer or an unknown brand or business.     3. If payments take a long time to process.     4. If there are more ‘card-not-present’ transactions. A trustworthy payment processor provides you s
6 comments
Read more