Securely Sell Online with these Ecommerce Payment Solutions

A secure online payment system is a prime concern for many Australian shoppers. In a recent climate of data breaches, hacking and identity theft, consumers are left hesitant in providing sensitive information to online businesses. At PayChoice, we have securely and successfully integrated with existing ecommerce platforms, namely Magento, Opencart, PrestaShop and Website World, ensuring you get high security and low transaction fees. As an ecommerce provider, here are three ways you can ensure you are providing your customers a safer shopping experience.

Secure a customer’s card details

The three primary payment methods ecommerce platforms provide the option for are: credit cards, direct debit, and alternative methods (i.e. PayPal, Afterpay, Apple Pay). 79% of consumers opt for at least one of these three methods. Given the popularity of card-based payments, the following precautions can be taken to ensure your ecommerce business is providing your customer’s security. 

Token

To provide an extra layer of security, an ecommerce payment solution may be to convert your customer’s credit card number into a token. In essence, tokens are a series of random numbers that are based off a customer’s card. 

The process of tokenisation is fairly intrinsic in that first, a credit or debit card number is entered by a customer. Effectively as soon as this is done, the ecommerce platform’s processor generates a sequence of random numbers (the token) that is thereafter the only information used to differentiate customers. 

A major benefit of the tokenisation process is that you are safeguarding your ecommerce business, including your customers' sensitive information from credit card fraud attacks.  Tokenisation is particularly useful for return customers, who have previously used the same credit card. 

3DS authentication

3DS (3D Secure) redirects customers back to their bank’s authentication page. Customers will be prompted to enter the verification code their bank has provided them via their preferred contact method. If your ecommerce platform opts for 3DS, there is a greater chance the purchase maker is the actual cardholder themself, adding an additional layer of security to your business.

PCI DSS compliance

Being Payment Card Industry Data Security Standard (PCI DSS) compliant ensures your ecommerce payment solutions are industry-backed. The standard sets out a list of protocols concerning data security standards for safer payments. There are four levels of PCI DSS compliance, with level 1 being the highest industry standard. PayChoice ensures they are consistently providing level 1 PCI DSS to ecommerce providers. 

Secure website login for customers

A primary point of attack for hackers and credit card fraudsters is the login port, where a customer stores sensitive details such as their name, address, and potentially, payment details. 

Multi-factor authentication (MFA) and CAPTCHA are two ways your ecommerce platform may prevent this from happening. 

MFA

A customer’s account getting hacked through a third-party gaining access to their login details is the worst-case scenario. MFA lessens the chances of this happening, through requiring two or more forms of authentication before a customer can get into their account. Other than a password, this may include a security question or SMS verification code. 

CAPTCHA

More commonly referred to as ‘robot tests,’ CAPTCHA is a series of images that test whether the user accessing the website is human. In instances like ‘bot attacks,’ both you and your customers can rest assured that no automated systems gain access to sensitive payment details. 

How PayChoice can help

Our ecommerce solutions integrate with your pre-existing platforms. We have integrated with Magento, PrestaShop and OpenCart which support the MySQL database. Alternatively, we can integrate with OpenCart, which uses both MySQL and HTML components. With well over 800, 000 online stores hosted across these management systems, also offering 24/7 support and fast payback, PayChoice’s ecommerce solutions are highly customisable to your existing business. Our services are also compatible with Website World, which integrates several ecommerce services into one cohesive platform.

We endeavour to provide affordable yet secure solutions, and are able to do so through these partnerships where you can enjoy low to no transaction fees. If your business doesn’t use one of these platforms, our expert team can simply install our payment widget for you to get the same effect.

To enjoy industry-leading security for your business payments, speak to our ecommerce team.