Controlling mobile payment risk is vital to taking good care of your customers. While some risk is inevitable, and much of the risk is outside of your control, there are things you can do to protect your customers.
A survey of more than 900 cybersecurity experts conducted in 2015 found a number of issues related to perceptions of both EMV mobile payments and in store mobile payments, but that these perceived risks have not slowed the adoption or the popularity of mobile payment transactions.
Tokenization and host card emulation (HCE) are just two methods of protecting customer data. Tokens are strings of characters substituted for sensitive information. Tokens have no meaning and are essentially worthless outside of the transaction. Host card emulation stores data securely in the cloud.
The feature filled Open Source payment gateway was built with security in mind and includes these security measures and many others. Contact us now to learn more about Open Source and how it can help your business.