5 Essential Tips to Secure Your Online Credit Card Transaction (Part 1)

November 5, 2009 by  
Filed under Credit Card

Electronic money and electronic payment orders must also be based on principles and safety devices adapted to the vectors that carry them (telephone networks, protocols, operating systems, terminals, maps).

Internet is a network “open” that was not designed to trade, which exposes the intrusion and is a fallible system. The security of payment transactions and is made randomly.

The definition of security principles is essential to the establishment of a payment solution confidence.

From a technical standpoint, we can apply these principles through the use of cryptography. Complex in their foundations, encryption techniques are, in practice, often invisible to users.

These techniques rely on mechanisms of encryption and decryption of messages exchanged on the network through protocols. These are algorithms.

They perform several functions that make a secure payment act.

1 – Authentication of exchange partners
The authentication exchange partners is the key to a secure system is also more complex to implement and more expensive. In addition to the function so widespread and less well protected in the payment solutions on the market.

This function is nevertheless essential because it allows:

– The consumer to ensure that the merchant does exist behind the brand that is posted on its web pages;

– The merchant is satisfied, or guaranteed by a certification authority, identity of the consumer who places an order.

The authentication of the parties used to provide evidence of an act, namely the act of payment. In the absence of authentication mechanisms, either party may deny having ever participated in the transaction. The spread of these situations conducive to potential bad faith, may destroy confidence in trade. That is why the authentication process is so important, particularly in the sale of services or intangibles.

To provide authentication of actors, we use different techniques that result in an electronic signature. Like the manual signature, it is intended to validate a document in correspondence with one who does. The most common of these techniques is the certificate.