Use a Hosted Payment Page and Leave Payment Card Security to the Experts

Payment card fraud is big business. The Nilson Report estimates that worldwide losses due to payment card fraud amounted to $24.26 billion in 2017. Of that, 38.6 percent occurred in the United States. This situation is not going to get better anytime soon. They estimate that this will increase to $34.66 billion by 2022.  Yikes!

Cyber criminals scour the internet looking for weaknesses to exploit. It’s big business for them – once found, they will harvest as much payment card data as they can for as long as they can. Therefore, it makes sense for security specialists to protect card data. If your web-based software or website handles credit card processing, here are three reasons why you should consider implementing a hosted payment page.

Hosted Payment Processing Can Save You Time and Money

Today, software products consist of proprietary code integrated with products or services from third-party vendors. As you know, this is a common practice when developing software.  Why re-create the wheel when there are experts that have already done all the heavy lifting for you? A payment page that lives within your software (or website) is a prime example of this. With a hosted solution, you save the time and money otherwise spent maintaining and protecting customer card data.

Hosted Payments Secure Your Customers’ Payment Card Information

At the heart of the push for payment card security are the PCI Security Standards. Integrated payments providers that offer hosted payment page integrations are experts in protecting cardholder data and adhere to these standards to combat payment card fraud. You benefit because you are not responsible for handling your customers’ critical card data.  They (the hosted payment page owner) benefits because they get to do what they do best – develop software to protect cardholder data.

Implementation of Hosted Payments is a Team Effort

Paragon Payment Solutions is a premier provider of hosted payment solutions. Contact us for more information about setting up a hosted payment page. You can also get a head start and open a test account. After all, hands-on experience is the best way to learn.