Payment Processing Compliance
An important element of any e-commerce website is the capability to process payments online. Not only is payment processing a security issue, but there are trade, industry, and legal requirements to which compliance is required as well. For the most part, these regulations exist to help the site safeguard the personal information of the purchaser and to protect the purchase or refund transaction against fraud and data breaches. From the retailer’s point of view, an e-commerce site must include provisions to protect revenue, customer information, and the reputation of the site or goodwill. From the customer’s point of view, the website must provide security, privacy, and efficiency. When you consider the data being ...
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