How does Payment Asia Secure Your Transactions?

As an online merchant, you will want to secure digital transfers to avoid any payment glitches. Payment Asia secures your online transactions while preventing fraudulent activities. It also prepares you for future changes in the market to prevent heavy losses. Take a look at how Payment Asia protects your online credit-card transfers.

Merchant-Customer Network

 

Payment Asia prioritizes the merchant-customer relationship. Therefore, it designs your website to provide easy and secure payment options to customers. They allow multiple payments and currency options for consumers to choose from. Credit card transactions are usually preferred, but these transactions are often at risk of being exposed to fraud. However, Payment Asia’s networks can easily and professionally handle such risks. They create a host page that collects the transaction data before it is transferred to the acquiring bank. While this page is tailor-made for your business needs, it also retains the data to boost your sales. When multiple payment methods are provided by your website, it will attract more customers as they can pay using different and convenient options such as eWallet, credit and debit card, and bank transfers.

 

Compliance Procedures

 

If your business is on a digital platform, then it will have to comply with certain regulations. While dealing with varied currencies and different payment methods, there’s a constant threat of data theft. PCI DSS compliance is the first step to secure credit card details. Through its networks, Payment Asia fortifies your transactions as well as your customers’ details. Their networks have high-level built-in API to prevent untoward activities on your digital website. Apart from this, you’re also assured of safety from the theft of personal information.

 

Security Networks

 

Payment Asia uses top-notch security channels between the merchant and the customer. The channels come into play once the card details are entered into the device. The first fraud check takes place at this level. Then the PCI networks activate the encryption process to make it end to end. Amongst other designs, the details are often converted to EFT switches so the messages can be interpreted according to the processing formats. If you choose a service provider with a weak security network, you have a higher risk of data theft.

 

Acquiring Banks

 

Apart from data encryption, Payment Asia networks are also focused on bank procedures. The data received by the bank is given to credit card channels, which forwards it to the issuing bank. While the second fraud check is run by the acquiring bank, a third screening is conducted by the issuing bank. This eliminates all possibilities of your website, falling prey to any fraudulent activity. Once the checks have been successfully conducted, the bank authorizes the transaction to the acquirer. However, if there are any glitches with the card, then the same is rejected by the bank. 

 

Post-Authorization Procedure

 

Once the customer’s bank authorizes the payment, it is ready to be transferred to you. The funds are either sent to your account or to Payment Asia’s account. This is based on your registration preferences. Even if you have a dedicated, acquiring bank account, it needs to be under the umbrella of your service provider’s network. While transferring this fund, the norms of your provider-merchant agreement will come into play. After the successful transmission of this fund, you’ll get a confirmation message. However, if the credit card payment is declined, your website will direct the customer to choose another payment option. This secure network and encryption reduce the PCI burden while shielding your transactions from being mishandled. 

 

Speak to Payment Asia’s Kenneth, a company representative for more details with regard to their services.