Online payment is becoming an indispensable part of daily life, a basic feature that programmers need to focus on when developing Web apps and mobile applications. One of the factors that makes online payments safer is the Secure Payment Gateway. This is a technology solution that helps users pay service fees more easily.
1. What is a Secure Payment Gateway?
Integrating a secure payment gateway makes it easier for businesses to receive payments from customers. Source: sloboda-studio.com
Payment Gateway is a technology solution that collects and transmits data from customers to payers, and then sends information to customers about accepting or declining payments.
Secure Payment Gateway is the intermediary gateway through which transactions are sent to the bank for secure settlement and reporting. A secure payment gateway is an important factor in keeping the data of payers and merchants secure.
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2. Common types of payment security
To ensure payment gateway security, it is necessary to use security methods to prevent fraud. There are 4 common types of payment security: SSL, PCI, Tokenization, and 3D Security.
2.1. SSL
Secure Sockets Layer Security Protocol is an encryption-based security protocol developed to ensure the privacy of data transmitted through web or mobile applications.
The use of SSL is necessary for a Secure Payment gateway because SSL prevents data theft, information that goes through the payment gateway instead of using the protocol will be easily protected.
2.2. PCI DSS
PCI DSS helps ensure the security of payment card data when using a secure payment gateway. Source: cmccloud.vn
PCI DSS is a popular type of payment security, created in 2004, by major credit card companies such as Visa, Mastercard, Discover, and JCB.
The main purpose of PCI is to prevent data theft and fraud related to debit and credit card transactions. PCI places strict requirements on the security of companies that store payment information.
PCI compliance prevents many risks related to breaches of customer security data, keeping all information encrypted and secure when users use a Secure payment gateway.
*The main role of PCI DSS:
Protection of the transaction process is increasingly strict.
Improve the protection of credit card information, and increase the reliability of online transactions.
Bringing a more complete and standardized transaction process to merchants can attract more users.
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2.3. Tokenization
A token is a type of payment security that contains secret card data exchanged with a special code. Tokenization allows the customer’s actual card number to be replaced with a code uniquely generated for the specific transaction.
Tokenization is a mandatory component for a secure online payment gateway, helping to improve the quality of Web apps and mobile applications.
2.4. 3D Security
3D Secure is a type of security that authenticates information with an additional layer of verification for cardless transactions. This technology is designed to improve the security of online payments.
3D security consists of three parts that interact using the protocol, including the seller/buyer domain, issuer domain, and interoperability domain.
3. Benefits of using a Secure payment gateway
The biggest benefit of a secure payment gateway is faster transactions and higher security. Source: myonlineca.in
Using a Secure payment gateway in mobile and Web app development brings many benefits to both customers and businesses.
– Protect customer data
Secure payment gateway uses advanced encryption technologies such as SSL security gateway, and TLS transport layer security gateway to protect data such as card numbers and bank account details from cyber attacks and viruses. potential data breach.
By choosing a payment gateway that complies with the highest online payment security standards, Secure payment gateway helps protect customer information and minimize security risks.
– Seamless payment gateway integration with your website or app
Secure payment gateway easily integrates with web or mobile apps, ensuring a smooth and hassle-free user experience.
Additionally, the secure payment gateway also offers reliable customer support, helping users troubleshoot any technical issues that may arise during the payment process.
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– Offers many payment options
Secure payment gateway supports multiple payment methods such as credit cards, debit cards, digital wallets, UPI, and online banking.
Providing multiple payment methods makes it easier for users to make purchases, ensuring better conversion rates.
– Detailed reporting and analysis
The secure payment gateway offers comprehensive analytics and reporting features, allowing users to monitor their transactions, track sales performance, and identify potential for improvement.
The data that a secure payment gateway delivers can provide valuable benefits that help you make informed business decisions and optimize your payment process.
4. Secure Payment Gateway Development Trends in 2025
Online payments will continue to grow in the future, as of 2020, nearly 80% of the US population uses at least one form of payment gateway. It is forecast that by 2025, the number of users using secure payment gateways will increase by 15%.
To keep up with this trend, technology companies are gradually applying new technologies to Secure payment gateways to improve user experience.
*Here are some technology trends applied to secure payment gateways of Web apps and mobile applications:
– Tokenization and Biometrics
Tokenization and Biometrics are trends in developing safe payment gateways, bringing convenience to users. Source: en.wikipedia.org
In the future, Web apps and mobile applications will use Tokenization and Biometrics to improve transactions through a Secure payment gateway.
When integrating Tokenization and Biometrics, customers simply send funds and tokens to the payment platform. The payment gateway then generates a token for the system, receives the card number, and executes the transaction after confirming the user’s biology.
– Security Based on Artificial Intelligence (AI) and Machine Learning (ML)
Security Based on Artificial Intelligence (AI) and Machine Learning (ML) makes payment gateways safer because AI and ML help detect fraud and security vulnerabilities early.
AI and ML will be more widely applied by 2025 because this technology helps improve the quality of payment gateways, thereby improving the reliability of Web apps and mobile applications.
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– Blockchain Technology
By 2025, business trends will focus on using Blockchain technology, the value of blockchain will increase to 360 billion USD and this number could reach 3.1 trillion USD by 2030.
Applying Blockchain to a secure payment gateway helps increase the security of transactions because Blockchain cannot be counterfeited, is immutable and highly transparent, and this technology uses smart digital contracts. All the advantages of Blockchain will make developers apply it to payment gateways.
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– Open and Cross-Platform API Development
APIs and cross-platforms are intermediaries between customers and web application services, especially payment transactions.
API helps payment gateways have strong security, avoiding attacks and unauthorized access. The API has performance monitoring and analysis tools that track traffic to the application.
Conclusion
In short, Secure Payment Gateway is one of the important points to consider when developing Web apps and mobile applications. Secure Payment Gateway helps improve software quality, providing a great experience for customers, especially the payment process.
In the field of software technology, BAP Software is a reputable provider of good-quality software development services. If you have any need for these services, please contact us, BAP Software is ready to advise and support.
