All e-commerce sites nowadays have a secure payment gateway to ensure that their customers can transact securely on their website. The importance of a secure payment gateway integration cannot be emphasized enough, as, with the rise of cybercrimes, it is crucial for business owners to ensure the security of all monetary transactions on their page.
There are a few methods that the business owner can apply to make certain of a secure e-commerce payment gateway on their page; high security requires regular updating of systems and networks. So what are some of the ways that the entrepreneur can impose security measures to ensure smooth transactions? Read on to find out the basics.
Definition a payment gateway
An e-commerce payment gateway is a software that gives authorization for payments, for online merchants, brick-and-mortar merchants, and any organization which has an online presence and requires payments. It connects the bank, credit card or debit card to the global processing payment unit to have seamless experience online.
To ensure that the payment gateway integration is smooth and hassle-free, there are few things that the business owner can do to create a secure payment network.
Multiple Logins and authentication layers
The key to having a secure payment software is to have the customer create an account before payment, which will verify the user. While it is granted that the customer may feel annoyed and simply leave the page, this step is a crucial form of verification. Ensuring that potential customers do not leave, one can have a login page after the customer has a cart to checkout and pay for. However, the website should not force people to sign-in and people should have an option to checkout as a guest.
PCI Security Standards Council or PCI SSC
This is a series of specific Data Security Standards (DSS), that is relevant to all with a payment gateway on their website. PCI compliance is a must for all merchants and sites alike, for volume-based debit and credit card transactions over a twelve months’ period.
Integrated payment processor
We are all familiar with the feeling of dread when the shopping site redirects the payment to your bank site on an unsecured browser. With payment gateway integration, it ensures that the customer can make the payment on the same server and will not be redirected. volume-based is a convenience for the customer and also creates trust.
Secure Sockets Layer or SSL
Many people have had to abandon the website, as the browser warns them of an unsecured website or a page. It is vital for the growth of the business that the entrepreneur invests in secure sockets layers or SSL, is a method through which client and server information authenticated with encrypted data for sensitive information. Website owners who invest in the security have a higher digital footfall than unsecured website in the long run.
There are various other notable points that the entrepreneur should look into while integrating the payment gateway onto their website. By creating several authentication layers, PCI compliance, an integrated payment system, and an SSL website ensure that the customers visiting the page have a secure and fulfilling experience.
