How to Identify a Secured Online Payment Solution?

With the rising use of technology, every activity we indulge in is influenced by its usage.  Similarly, it is also very evident that technology has gone a long way in modifying and altering the manner in which we like to shop. From the age of barter system to the current day of online shopping technology has been a great leveller.

In the present times most people prefer only to shop online given the ease and convenience of shopping online. The prominent software development company in India develops one of the safest and secured solutions that carry out online transactions.

What is an Online Payment Solution?

An online payment solution is a credit card terminal - but on your website. It's actually a virtual credit card point that permits your clients to pay for their goods actively online.

Of course, it's likely that to operate an e-store without a payment solution, but your customers would have to pay using online banking - which is less convenient since the process or payment is slower and it takes longer for the money to reach your bank account so you can ship the products.

By far, an online payment solution is the easiest and fastest method of payment for you as a user and also for your customers.

Factors that Distinguish Such Solutions:

The issue of security is the prime concern developing an online payment solution as it is all about money! The safety and security of the online transactions should be safeguarded in every particular step and aspect of the app or software development. The following need to be taken care of while developing the online solution:

PCI-DSS Protocols: PCI-DSS or Payment Card Industry Data Security Standards accreditation is mandatory for every business, enterprise or trade to accept credit or debit cards whether online or offline. It necessitates 12 standards to be met in 6 zones in terms of security:

• Build and keep a safe network and systems
• Protection of cardholder’s data
• Keep alive an operational program to tackle susceptibility
• Apply very central measures to access control
• Observe and examine the networks on a steady basis
• Continuously follow a rule to information security

SSL Protocols: SSL stands for Secure Sockets Layer. It is also called the TSL or Transport Security Layer. SSL is a convention that encrypts or safeguards transactions taking place amongst a client application which is likely be a browser and the server of the online store.

SSL protocols use an encryption algorithm that guarantees the security that when each message or information is being exchanged on the web network it passes through an integrity test before being transmitted at the other end. Businesses when aiming to offer online payment solutions must obtain SSL certification ensuring security of data.

HTTPS: HTTPS stands for Hyper Text Transfer Protocol which is used to secure the data of financial transactions when they are being sent from one destination to another. ‘https://’ is to be used for HTTP urls with SSL. Secure HTTP supports different security mechanisms, ensuring security of financial data to the end-users.

Tokenization: You should certainly never store your clients’ credit and debit card data on your server. When selecting the right payment solution, the customers’ data doesn’t even touch your servers. More importantly, it’s encrypted before it is ever stored on database servers.

The prominent software development company in India develops secured and most reliable web applications to help you operate as an online payment network.