Let’s decode Mobi security features and see, why it is the most secure payment gateway in Malaysia.
The primary concern of an online payment gateway in Malaysia is security.
That is, how the payment gateway secures the sensitive information of merchants and buyers from exposing.
As online payment gains significant popularity, most Malaysian prefer paying online at any store, restaurant, or place.
So, it’s the responsibility of merchants to have the most secure payment gateway for accepting payment at their place.
But choosing the most secure is not easy as there are tons of options out there.
Therefore, to help you get the best, here we introduce Mobi, the most secure payment gateway in Malaysia.
Now, let’s see how secure is Mobi or what makes it the most secure payment gateway in Malaysia.
Mobi Security Features: How Secure is Mobi?
Mobi is an online payment gateway, introduced in 2014, famous for its seamless and secure transactions features.
Moreover, many Malaysian merchants and eCommerce business owners believe in Mobi for accepting payments in their stores from buyers.
Indeed, it has always provided them with the best service and security.
So, why Malaysian believes in Mobi security features?
For that, you must look at this online payment gateway security features, which include:
#1. End-to-end Data Encryption
End-to-end data encryption is the best method for securing the confidential information of merchants and buyers during the transaction.
When buyers fill in their bank (card) details at the checkout point, the payment gateway encodes the data and converts it into cyphertext.
Note: Cyphertext is a form of encoded text, that can only be decoded by the authorized person.
Moreover, this Mobi security feature significantly decreases the risk of data breaches by hackers or cyber criminals.
So, for every online payment gateway in Malaysia, it is a must-have security feature.
#2. PCI DSS Compliance
The Payment Card Industry Data Security Standards (PCI DSS) provide guidelines to make a transaction secure.
Moreover, by following these standards/guidelines, an online payment gateway prevents sensitive data from cyber criminals or hackers.
Some of the PCI standards for secure transaction are:
- Use a secure network and system for transactions.
- Secure buyers’ sensitive data.
- Merchants must not store buyers’ data on their computers.
- Train employees to protect buyers’ data.
- Install anti-virus and update regularly.
- Maintain secure systems and applications.
Thus, these are some required standards of PCI to protect buyers’ sensitive data.
Moreover, the best payment gateway Malaysia must follow these security standards to provide top-notch security.
#3. Secure Socket Layer (SSL)
Every secure payment gateway Malaysia must have a Secure Socket Layer (SSL).
In other words, every Malaysian business owner should check this online payment gateway security features before integrating one into their store.
So, what is SSL, and why it is so important?
SSL is a security feature that creates an encrypted connection between the browser and server of a payment gateway.
In simple terms, SSL authenticates online transactions and provides security.
That’s why SSL is one of the Mobi security features.
#4. Tokenization
Tokenization is a must-have security feature for payment gateways that save buyers’ card details online.
Most online buyers save their card details on eCommerce stores for faster checkout.
And a few years back, saving card details on third-party stores, increase the risk of data breaches.
Keeping that in mind, the tokenization security feature introduces in the market.
Certainly, tokenization is a process through which, the sensitive details of buyers convert into a set of codes, known as tokens.
For instance, the 16 digits card numbers convert into a set of codes that is impossible to decode.
So, if you have an online payment gateway that provides tokenization security features, your customer’s data is secure.
Hence, these are the Mobi security features that make it the most secure payment gateway in Malaysia.
Conclusion
Due to the technological evolution, the method of making transactions changed to online from offline.
In other words, people prefer the online payment option for settling their bills at any place.
Moreover, this also increases the opportunity for cybercriminals or hackers to steal data.
However, the most secure payment gateway can reduce the risk of a data breach.
So, it is essential for merchants to have a payment gateway that secures the data of their customers.
And for that, they must go with Mobi, the most secure and best payment gateway in Malaysia.