AsiaPay: The Only PH e-Commerce Payment Provider to Achieve the Highest Compliance Certification

In the world of online convenience, nothing can be more preferable than electronic payment or e-payment when one is dealing with payment options. With e-payments, there is no need to be physically there to swipe a credit or debit card, write a check, or pay directly with paper currencies. All you need is a web browser, entering secured information into a payment gateway and an additional click of the mouse. This feature makes consumers turn their heads this way and avail of the convenience provided by e-payments. However, the main drawbacks to e-payments are the possibilities of infringement of privacy and identity theft. To protect both consumers and merchants from these unscrupulous entities, safeguards have been developed that will secure and safeguard customers' vital personal information. Merchants, businesses and charitable institutions planning to have an online payment gateway on their own websites should go for an e-commerce payment provider that is proven to comply with the highest standards in online security. And the leading e-payment gateway provider in Asia and the Philippines that provides these services is AsiaPay.

AsiaPay paves the way in providing safe and secure electronic real-time payment processing services for credit cards or debit cards for merchants, banks, corporations and non-profit institutions in Asia, and now in the Philippines. AsiaPay has continuously been compliant with PCI-DSS (Payment Card Industry - Data Security Standard) requirements and is consistent in providing comprehensive and secure e-payment facilities that meets the rigors of this international security standard. In a Payment Card Interface system, the most sensitive part is during the transmittal of information. These standards sets and implements the rules and best practices in securely capturing vital information from the customer through the payment card interface and protect this information from identity theft and fraud. Figure 2 below is a snapshot from the PCI-DSS registry of certified service providers from Visa showcasing AsiaPay as one of 46 international payment providers that meets the standards. Each company is assessed by an Independent Qualified Security Assessor (QSA) using onsite review standards provided by PCI-DSS.

AsiaPay features the PayAlert security system that provides advanced protection for our merchants and their customers against fraudulent or suspicious transactions. PayAlert is a real-time monitoring tool analyzes transactions for fraud patterns which include the questionable origin of transactions, invalid attempts, velocity checks and other patterns. This alerts the merchant's business on these suspicious transactions via real-time reporting so appropriate verification or cancellation actions can be performed.

These features make AsiaPay the prime choice as accredited TPP (Third-Party Processor) for banks, certified IPSP (Internet Payment Processing Solution) for merchants, a certified 3D-Secure vendor for Visa, MasterCard and JCB. 3D-Secure is an added layer of security for online transactions of credit cards and/or debit cards developed by Visa to beef up the security for e-payments. The 3D-Secure protocol is offered by Visa as the Verified by Visa service, but was also adopted by MasterCard under SecureCode services and JCB International as J/Secure. 3D-Secure is different from the Card Security Code or the Card Verification Value Code (CVV) which is a short 3 or 4-digit numeric security code printed at the back of the card which is separate from the actual card number. This number provides the proper assessment that the person entering credit card information into an e-payment system physically holds the card.

AsiaPay is also an accredited payment partner for PayPal, AliPay and MasterCard. This partnership with these financial institutions enables merchants to receive customers using various payment methods that are available to them. This would make it more convenient for customers to make safe and secure online payments with the assurance that their credit card and other vital information is kept secure and protected from theft even at the most sophisticated levels.