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.
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.
