How to Ensure Online Payment Security

Crassula
2 min readJun 19, 2020

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In today’s digitally developed world, the possibility of security breaches is very high. When it comes to business, there are many things that are at risk: company and client data, non-disclosable information, payment data, and more. How can you protect your business and improve security?

Secure e-commerce platform

When choosing a platform for business payment processing, it is important to look at such aspects as security. Good platforms like Crassula will not leave the security measures all on your shoulders — they will support the business in detecting potential threats and eliminating the possibility of fraud.

PCI compliance

Whether your business decided to process payments on their own, or use the e-commerce platform, the best way to ensure all payments are processed safely is having a PCI DSS compliance. This compliance is a long and hard process to get (we at Crassula know it first-hand), but it absolutely pays off by encrypting all payment information, which ensures full protection from cyberattacks.

Two-factor authentication

Now, if you don’t have two-factor authentication, you cannot be in the business. This is the most basic and crucial step towards the protection of your client’s data. Two-factor authentication is used almost on every website. It allows you and your clients to be notified if the account has been opened from an unfamiliar device.

Own verification system

Apart from basic security services, your business can implement an additional step that is unique to your service only. Of course, it will require more investment in the development and operations team, with the amount depending on the number of clients. However, it is going to pay off by ensuring that each of your customers is real. Such techniques could be verification with photo combined with a passport page, driver’s license, or a combination of an ID with the name on the credit card.

Overall, when it comes to online behavior, one of the easiest and essential ways to protect your customers is to watch the patterns of their behavior. Noticed something unusual for them? Contact them and check whether they actually made such purchase.

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Crassula
Crassula

Written by Crassula

Crassula is a software platform that helps businesses and financial institutions to build their own payment systems, wallets, online, mobile banking and more.

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