Payment processing has many complex technological layers and is prone to data security violation. Protect your cardholder's data against online fraud and theft by counting on Payment Asia’s fully integrated solutions.
1. Encrypt the Data You Receive
Make sure your data is encrypted, as unencrypted data is
nothing but an invitation to hackers to steal your customer’s payment
information. Partner with a reputed payment processor to encrypt your process
and payment system on receipt, thus protecting your information from illegal
access wherever it is.
2. Use Address Verification System Protections
Frauds have become an increasing phenomenon in online
payments as you cannot see the person whose payment details you are receiving.
Address verification system (AVS) data is a defensive solution against data
thefts that verifies if the address connected to a payment card matches the
billing address of a purchaser.
3. Track and Understand Suspicious Activity
Suspicious activity report will help you identify unusual
customer location or any unusual purchasing pattern from a particular customer.
Invest in Payment Asia to receive suspicious activity reports to get an
early warning regarding any fraud activities. Make sure you review it before
you complete the transaction. While there may be good reasons for the activity,
there is no harm in following up to prevent any payment fraud.
4. Maintain PCI Compliance
As confirmed by Payment Asia’s Kenneth, PCI
compliance guidelines are to be satisfied by payment card industries before
merchants can process card payments. Make sure you understand the guidelines
and conduct regular tests to ensure you comply with the expectations. Falling
out of compliance can risk your payment transactions and also suggest that your
security measures are not good enough to protect your customer’s payment
details. Stay updated for any patches to keep up with the expectations for your
payment processing.
5. Work with a Strong Processing Partner
Investing in the right payment processing partner can help
you keep up with the constantly changing rules and newly emerging security
threats. It will also give you peace of mind and spare you some time which you
can use to do something productive. Your processing partner should be able to meet
your requirements with up-front security and be quick to respond to any
potential issue.
Payment security is crucial for any eCommerce business.
Partner with a payment processing company like Payment Asia that is both
efficient and secure and offers high standard payment technology to reduce
risks and chargebacks and simplify PCI compliance.
