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Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced dataencryption, to safeguard paymentdata. Encryption, fraud detection systems, and regular security audits protect business financial information and customer paymentdata.
Because the transaction takes place through a payment gateway that utilizes dataencryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?
By outlining, defining, and enforcing standards for storing, processing, and transmitting cardholder data, the Payment Card Industry Security Standard (PCI DSS) gave organizations a security framework that brought trust and commerce to the internet. Scaling encryption is extremely difficult and risky for developers.
It’s also the software in your POS system or card readers that processes the customer’s paymentdata in a brick-and-mortar setting. The job of the payment gateway is to capture payment info securely, make sure that adequate funds are available in the customer’s account, and get the merchant paid.
Online payment gateways: Online payment gateways act as intermediaries between merchants and financial institutions. When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization.
Based in the cloud, Bolt P2PE integrates its encryption capabilities into devices and apps and links with CardConnect’s existing payments technology, CardSecure. When payment is made via card, that paymentdata is immediately encrypted and tokenized.
Additionally, the vendor can help you acquire the required licenses and security certifications, providing guidance throughout the process. Risk mitigation Given that PayFacs handle the most sensitive information of customers – their paymentdata – they must keep it secure and detect unauthorized transactions.
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