PaymentAsia - Strict Security Standards For Payment Gateways

Strict Security Standards For Payment Gateways

An online payment gateway is a software and server that transmits information about online transactions to the issuing and acquiring banks. Payment gateways such as the ones in Hong Kong have to be secure and free from online fraud since they carry very sensitive information.

In order to ensure that all payment gateways follow strict security standards, a set of security standards and rules have been developed by the PCI or Payment Card Industry Data Security Standard. Any person who has access to card data is expected to follow this protocol strictly. The https protocol is also used to ensure that information is communicated securely.

Payment Regions

Gateways

Handling

Payments

Across

Online payment gateways such as those in Hong Kong also allow users to have real-time transactions by bridging languages and converting currencies. They handle payments across regions, platforms, and currencies. They also give their clients alternative payment solutions.

It is possible to reduce some of the security flaws in payment gateways by stacking them. Stacking payment gateways gives customers different options for making their payments. This leads to easier payments and less friction. Choosing a payment gateway that offers high-security transactions and very secure encryptions should be your priority even if their charges are slightly more expensive.

Choosing The Right Payment Service Provider Great care and research must be undertaken when you choose your online payment service provider. They should be PCI DSS compliant and offering cutting edge fraud prevention software. They should ideally display the security signage that can be pretty reassuring.

A payment gateway that helps you to widen your sales net by incorporating different types of payment methods is obviously the one to choose. They should offer payment methods that are the preferred modes of payment in the country where you have the largest number of buyers.

Smooth Integration Of Payment Gateway With Your Platform The online payment service provider’s payment gateway should integrate with your present platform smoothly without requiring a lot of manipulations. It should integrate well from a design standpoint as well as technical. If the payment gateway reroutes you to another site, it is important that the customer still has a seamless experience.

Secure payment methods are required if you want more widespread acceptance of online payments, especially in more conservative areas. It should also give the sender the information of payment having been received by the recipient with a visible receipt.