3 Tips on Secure Payments
Although ensuring you are compliant with the global standards is key, and will allow you to keep your customer’s personal information secure, there are a number of other processes and infrastructures that you can implement to further improve payment security both in store & online
1 – SSL Certification
An SSL certificate is a digital certificate that provides authentication for a website, and concurrently provides an encrypted connection. If you’re handling or passing over sensitive information (such as card details), an SSL certificate really is a necessity, as it protects your customers from being targeted by hackers and fraudsters
SSL certificates can be purchased from a number of certificate providers, but you should always reading reviews from other customers.
2– Fraud Screening Tools
When it comes to fraud, knowing as much as information as possible is always a good thing. It’s sadly an inevitability that businesses will have to deal with fraudulent transactions on occasion. And in those situations, the value of fraud screening tools simply cannot be overestimated.
These tools will analyse transactions and identify certain indicators of fraud. By using this incredibly valuable information, you can choose to reject the transaction. Meaning the victim of fraud will not be left out of pocket and your business will not lose money to risk of a chargeback.
Fraud screening tools are incredibly useful and should be a major consideration when looking at switching to or setting up a new payment provider.
3– 3D Secure
3DS2 is soon to become compulsory for all businesses accepting card payments, and with that in mind there has never been a better time to ensure you have 3DS activated on your payment gateway.
3DS will prompt customers to provide extra information in order to prove the cardholder is the one making the transaction; this is secure information that only the cardholder should be aware of, and this process takes place on the bank’s website, not yours.
Currently, 3D Secure is only in place for transactions which the cardholder’s bank deem to be “high risk”.
To find out how you can activate 3D Secure, you should get in touch with your payment provider