How to Protect Your Transfer During Online Payments?

1. How to Protect Your Transfer During Online Payments? www.paymentasia.com

2. Vulnerable accounts are prone to fraudulent activities. With the ongoing pandemic, online frauds have become more common than before. Thus, it is essential to prevent fraudulent activities from exploiting your data. Online service providers like Payment Asia use a number of systems that help in securing stored data to prevent cyber-attacks on your website. Adhering to a variety of data protection mechanisms helps these gateways to secure customer data and build your reputation in the market. Read on to know about the different methods adopted by a few payment gateways to secure customer data.

3. By using payment tokenization Payment tokenization is a simple yet efficient mode of protecting data used by online service providers like Payment Asia. It de-identifies the information collected from the cardholder and translates it into randomly generated numbers. These numbers are referred to as tokens. They prevent the cardholder’s sensitive information from being accessed by cyber-attackers. This information is then transferred via the internet or payment networks without being accessible to online vulnerabilities. This mechanism can be used to secure payment details as well as the sensitive details of the cardholder.

4. By encrypting data Data encryption is an intricate mechanism of data protection. Payment Asia reviews have often shown how data encryption has enhanced security and reliability of the companies. Encryption techniques like Secure Sockets Layer and Transfer Layer Security are inherent data encryption protocols that shield the information while it’s being transmitted over the internet. Secured sockets layer ensures that the data can be received and translated only by the recipient, thereby eliminating third-party access. Transfer layer security encrypts data through a strong message authentication and key generation and several other algorithms to safely transfer the information on the internet between two parties and based on the algorithms pre-decided by them. It ensures that the same is not translated or accessed by any other party.

5. By using address verification service Certain payment gateways like Payment Asia use AVS or Address Verification Service that prevents credit card frauds and protects sensitive information of businesses and individuals alike. The mechanism tallies the address and zip code of the customer as provided in the bank details. It helps in identifying information and preventing unauthorized access to sensitive data, including card details. It works in a three-fold process. First, the information of the customer is transferred to the card company. The company then matches the same with the bank details, and eventually, the issuer authorizes the transaction.

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