Secure Online Payment Processing: Encryption for Security

//Secure Online Payment Processing: Encryption for Security

Secure Online Payment Processing: Encryption for Security

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Secure Online Payment Processing: Encryption for Security

Did you ever wonder exactly how information is kept secure in the world of online card processing? Something is going on behind the scenes that we can’t see. It’s called encryption.

Customers that purchase goods or services over the Internet will typically check out through a shopping cart and secure payment gateway. If you’ve ever purchased anything online and checked out through a secure payment gateway, you may or may not have noticed the transfer from an unsecure to secure site.

Upon checkout, the communications protocol will go from ‘HTTP’ (hyper text transfer protocol) to ‘HTTPS’ (hyper text transfer protocol secure). HTTPS ensures a secure, bi-direction connection between the user and the site to prevent others from eavesdropping style attacks.

As a rule enforced by the credit card associations, merchants are required to safeguard all customer information. In the merchant account services industry, processing providers use what is known as E2EE or end-to-end encryption to secure the transaction from the point that information is collected from the customer to the authorization by the customer’s card issuing bank.

The next step in securing the transaction is what is known as tokenization. Tokenization technology was introduced in 2005 with the intention of preventing thieves from stealing credit card information that happens to be stored in a database. This technology makes it impossible to decrypt without a decryption key, as individual credit card numbers become random values.

Credit card processing providers are required by the PCI DSS (Payment Card Industry Security Standards) to encrypt any credit card information that is stored by them.

If a merchant account provider uses both encryption and tokenization, a merchant can rest assured that their data as well as customers’ information will remain secure.

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Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!

Why do businesses choose to work with The Transaction Group? 

  • We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
  • We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
  • We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
  • We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
  • We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
  • We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.

Let’s Work Together.

At The Transaction Group, customer satisfaction is our priority. Allow us to show you what we can do for you.

Let’s Work Together.

At The Transaction Group, customer satisfaction is our priority. Allow us to show you what we can do for you.

2019-02-03T10:29:31+00:00
Digital Marketing Agency Acesoftronics

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