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Education

If the spa used account and payment information
that's already on file, customers wouldn't need to use
Unlock Your a credit card or separate app to make a purchase. The
result? Convenience for customers and increased sales
Growth Potential for the spa.
The good news is that many organizations are
making the shift toward more comprehensive—and
With a BCP Loan in many cases, omnichannel—commerce experiences.
But despite these steps in the right direction, many
companies planning to adopt payment capabilities still
face various logistical considerations, from security and
fraud to payment infrastructure.
Three considerations for a payment
capabilities integration
As consumer expectations and technological feasibility
evolve, big companies like Twitter need to start
thinking about how they can provide users with
complete commerce journeys. The importance of these
experiences will only continue to grow, and starting to
plan for a payment integration now can help them stay
ahead of the curve.

Enabling payment features on an existing application
requires compliance with various regulations at the
state and federal level, and a customer support team
equipped with payment processing knowledge to
handle inquiries.
So, even if an organization has the resources to
incorporate payment functionalities into its operations,
this type of integration requires careful consideration
in these three key areas:

1. Security: Compliance with the Payment Card
Industry Data Security Standard (PCI DSS) be-
comes paramount when introducing payment
processing to a company's operations. In summa-
ry, PCI DSS requires entities that accept, process,
store or transmit card information to maintain a
secure environment.
BOCA This includes maintaining strong network secu-
CAPITAL rity via measures like firewalls, and encrypting
PARTNERS data like credit card information and primary ac-
count numbers (PANs).
Get a loan from $100,000 to Adherence with PCI DSS also necessitates on-
going work and documentation to demonstrate
$5,000,000 for your ISO today compliance. But many fintechs offer PCI-compli-
ant technology that makes the process easier.

2. Fraud protection: In addition to data security,
Call Now: 844-531-4957 facilitating transactions requires diligent fraud
monitoring and detection to safeguard users
bocacapitalpartners.com from bad actors.

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