A payment gateway guarantees the
security of the data you put in. Here is a rundown of things that a Payment
Gateway does to protect your information:
First things first, the
entire transaction is carried out through an HTTPS web address. This is not the
same as the HTTP as the S in the HTTPS represents Secure. The transaction
happens through this equivalent passage.
Because of the hash
function, the system often uses a signed request from the merchant to validate
the request of the transaction. This signed request is a secret word, which
only the merchant and the payment gateway know
To secure the payment
page result of the process, the IP of the requesting server is verified to
detect any malicious activity
Virtual Payer
Authentication (VPA) is something that the acquirers, issuers and the payment
gateways are backing to secure the process even more. VPA, implemented under
the 3-D secure protocol, adds an additional layer of security and helps the
online buyers and sellers to authenticate each other easily
Benefits
of using a payment gateway
Utilizing a payment
gateway is not just for transferring money, but it has other advantages as
well. A Payment Gateway can allow a merchant to give the user get a better
experience.
PCI-DSS Wallet – The
PCI-DSS compliance makes it sufficiently secure to permit the client to store
their own information in the portal or gateway for recurring payments. For
example, if you are a frequent customer of a shopping site, then you can save
your bank or card details on their site or app, and the gateway will keep it
secure from any cybersecurity threat
White-Label Wallet –
Some payment gateways allow you to make digital transactions through mobile
wallet apps. This is the current trend, as it enables the user to make all his
transactions by just sitting at one place. You can bring in your money from the
account balance to the mobile wallet app and then further use it to make payments
on other apps or websites
Fraud Screening Tools –
Many payment gateways provide you with fraud screening tools to reduce the risk
of losing information. These tools include the Card Code Value (CCV), Card
Verification Value (CVV) or even the Address Verification Service (AVS). These
tools ensure that there is no fraudulent transaction
A payment gateway
focuses on creating a secure pathway between a customer and the merchant to
facilitate payments securely. It involves the authentication of both parties
from the banks involved.
The most significant
advantage of a payment gateway is the fact that it allows millions of users to
use it at the same time, making it possible for you to purchase or sell goods
and services whenever you want.
Empower
your business with Foloosi Payment Gateway!
With the simplest
integration, completely online onboarding, feature filled checkout and classy performance;
quickly go live with Foloosi (UAE online payment solution) and experience the
future of payments.
Know More: https://www.foloosi.com/payment-links-in-uae
