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SECURITY ISSUES REGARDING 3RD PARTY NUTRACEUTICAL CREDIT CARD PROCESSING

It is believed by a few merchants that third party processing comes with several security loop holes. This is only a myth and is totally untrue. If there are a few security loop holes, then they are the same that exist with the regular processing systems. This is because a third party processor uses the same systems as that of the regular processor and therefore the same security system is used. Hence, if there are loop holes in the security system of a 3rd Party Credit Card Processor then the same holes exists in the regular processors security system. The only dissimilarity is: in 3rd party processing, there are 2 gateways involved: 1 that exists between the third party merchant and the third party card processor and the second one is between the third party card processor and the bank. In this case, the merchant will see the 3rd party processor as the merchant account provider and the services provider.

In third party processing of credit cards, the SSL encoding system is used to transfer transaction details. This technology is the most sophisticated that is available in the market. It stands for “Secure Socket Layer” and it protects the data from being read or modified. The third party processors, like all users of the system, have a SSL certificate, also known as keys. These act as ID - Cards or net passports.

You should never trust or do business with a third party processor who does not have a SSL Certificate.

When your customers enter their personal and credit card information such as passwords, card numbers, and names and more, the SSL security layer will encrypt all this information by using the unique SSL certificate as a key and a modifier. This information is forwarded to the credit card processor. At the processor’s end the information is decrypted and encrypted again, but this time the processor’s service SSL certificate is used as the key. The encrypted information is now forwarded to the bank. Here, the information is decrypted and processed.

A few of the third party service providers store up the transaction details so that only you will be able to access and use it. Also, the bank will send statistical information to your processor account.

If you have understood the information given till now, then you should be sure that third party processing firms with the SSL technology can be trusted just like any other regular processors. If you are still not confident then you can install several other safety features and make your customers feel comfortable and secure while shopping in your online store. Features like security codes, transaction information submission using a password and even small features like having a safety guideline on your site will influence your customer’s decision to do business with you. Therefore, don’t try to take your customers information lightly and protect it with all you have got. If there is any leakage of information then customers will not come back to your online store. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.