Credit card processing involves several entities and steps to secure funds from the cardholder’s account to your account. While the process can take only seconds, it relies on a network of financial institutions, payment processors, and card networks to ensure security and accuracy.
With the growth in online and card-not-present transactions, cybersecurity risks have significantly increased. Cyberattacks in payments processing, including fraudulent purchases, extortion, denial of service attacks, and credit card fraud, can compromise important company and customer data, negatively impacting your ability to make sales and, ultimately, your revenue flow.
Top Cybersecurity Risks and Challenges
- Utilize secure cloud computing systems to process your payments
- Perform regular updates for malware detection
- Comply with strict PCI-DSS regulations to automatically combat fraud
Offer Level 2 and 3 payments processing, which requires more information than Level 1 transactions, making them more secure and hence reduces your processing fees. Learn more about Payments Levels
The PayNation Solution
To mitigate these risks and ensure secure handling of sensitive information, it’s vital to choose a dependable payments processor such as PayNation to gain a high level of security. Your payments processor should:
- Utilize secure cloud computing systems to process your payments
- Perform regular updates for malware detection
- Comply with strict PCI-DSS regulations to automatically combat fraud
- Offer Level 2 and 3 payments processing, which requires more information than Level 1 transactions, making them more secure and hence reducing your processing fees. Click here to learn more about the Payments Levels blog.
The PayNation Advantage
Our smart, proprietary BridgeLink® single-source solution can be integrated with every leading ERP and Accounting Solution, enabling secure commerce from any point your customers interact with your business. Choose from our hosted payment programs for E-commerce, retail, mobile, ACH, or online invoicing. When working with PayNation, you’ll have the flexibility to create the best payments program for your business.
Get Started Today!
Whether you currently have a payments processor or you’re new to B2B payments, connect with PayNation today.
Extend Your Reach and Revenue with PayNation
- Streamline your payments.
- Gain a unified solution that simplifies the B2B payments process. PayNation removes the complexity of dealing with multiple vendors, getting your payments to you faster.
- Gain single-source success.
- Use a single source for your B2B payment platform, merchant account options, and equipment. PayNation has a proven track record as a one-stop shop for its customers.
- Increase payments security.
- Protect your customers and your business with PayNation’s exceptional security. Its frequent intensive penetration testing makes sure your business is in compliance with all PCI DSS standards.
- Enable omni-channel processing.
- Accept B2B payments from virtually anywhere. PayNation enables multiple customer interaction points, including e-commerce and in-store.
- Integrate with your ERP and accounting solutions.
- Integrate your B2B payment processing with your existing ERP and accounting solutions. PayNation helps you access information the way you want while improving the speed of receiving payments.
- Automate B2B payments processing.
- Reduce time spent on billing and reconciliation. PayNation delivers an all-in-one automated solution that improves efficiency by automating accounting processes.
