1 / 9

Security of Online Payment Solutions: An Overview

Advancements in digital payment technology and cyber security have made online payment solutions in Thailand and in other countries safer than ever. You will need a secure payment system to keep customers loyal to your business.<br>Visit - https://www.paymentasia.com/en/product-and-services/online-payment-solutions<br>

paymentasia
Download Presentation

Security of Online Payment Solutions: An Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Security of Online Payment Solutions: An Overview

  2. Overview Advancements in digital payment technology and cyber security have made online payment solutions in Thailand and in other countries safer than ever. You will need a secure payment system to keep customers loyal to your business. With rising competition, you can never be complacent about growing your business. A payment gateway acts as an intermediary between you and your customers’ bank. With rapidly growing transactions, threats to security have become a reality and hence security measures have become important. Read on to know more about the security measures undertaken by reputed payment service providers.

  3. Two-Factor Authentication Two-factor authentication provides an additional layer of security as it requires two factors to provide access to a system. It ensures that only the right users are allowed to make transactions. It may involve a password or code along with other factors such asa facial scan or fingerprint to authenticate the person who makes the transaction. It will be difficult for a hacker to break into the system by just knowing the passcode. They will need further information to crack the security.

  4. Third-party Storage of Sensitive Information A third-party payment processor refers to the system that enables merchants to bypass the requirement of a merchant account. Payment gateways are equivalent of POS terminals as they transmit card data to a transfer. Point-to-point encryption can be another layer of security. Limit the data storage to reduce the risk of theft. Comprehensive online payment solutions in Thailand and in other countries can help you use these technological advancements in a safe environment.

  5. Secure E-commerce Platform Pay close attention when you choose your platform for e-commerce activities. Security of e-commerce platforms focus on the maintenance of safe and secure electronic transactions for selling and buying of goods and services over the web. Privacy and integrity of sensitive information submitted should be the priority of every e-commerce platform. Ensure that your transactions are authenticated by a 2-step verification process. Remember, a reputed payment service provider that offers a one-stop solution for all your transaction needs can strengthen your business.

  6. Personal Verification System In a card-not-present scenario, the address verification system (AVS) and card verification value (CVV) add an extra layer of security. CVV involves the last three digits on the back of a credit or debit card. AVS involves numeric information of the customer information with the information in the file of card issuer. For example, a cyber thief who got the card information by some means may not have the personal information to authorize the purchase. Look for online payment solutions in Thailand or elsewhere that ensures a proper verification system to avoid fraudulent activities.

  7. SSL Certificate The acronym SSL refers to secure socket locker. It is a protocol that encrypts the transaction between a browser and an online store server. It is designed to protect sensitive information such as credit card details from being stolen by malicious users over the Internet. It helps to keep the data confidential and private. The encryption algorithm ensures that the message exchanged passes the integrity test before it is transmitted.

  8. PCI Compliance The Payment Card Industry Data Security Standard (PCI DSS) refers to a set of requirements designed to ensure that all companies that process, store and transmit card information maintain a secure environment. It improves security throughout the transaction process. The compliance framework ensures development of a complete payment card data security process that involves prevention, detection and appropriate actions taken on security incidents. With a PCI compliant payment service provider, you can be assured that your customers’ sensitive data is secure.

  9. Contact Us • 85231058028 , 85227542822 • services@paymentasia.com • https://www.paymentasia.com/en/ • https://www.facebook.com/pzgp.paymentasia • https://twitter.com/HK_PaymentAsia • https://www.youtube.com/channel/UCDd79bnKT0I4y0aiCKNQz6g

More Related