Security - PCI Compliance & Fraud Management
Security is paramount in any payment gateway portal. PCI compliance and robust fraud management mechanisms instill trust in both merchants and their customers. The inclusion of fraud detection tools within payment gateways helps prevent chargebacks and other issues stemming from fraudulent transactions.
To ensure security and compliance, developers should adhere to best practices and secure coding procedures during gateway development. Key considerations include:
• Data retention periods.
• Data anonymization.
• Restricted access to customer data for employees and third-party providers.
• Transparency regarding the purpose of storing personal data.
• The ability for customers to request their data be removed (the "right to be forgotten").