Safe & Sound: How to Improve Mobile App Payment Security

Umbrella Web has published a new blog post on our App developers blog called Safe & Sound: How to Improve Mobile App Payment Security

Online shopping via a mobile phone has become a common practice during the last few years. But the mobile payment security issue still raises some questions and concerns. Web and mobile app development company Umbrella is here to dot the i’s and cross the t’s.

Umbrella has been working in the industry for 9 years and has developed more than 200 successful projects. Since it’s very important for any developer team to glow with enthusiasm about what they are doing, Umbrella always welcomes any opportunity to engage in new challenging mobile app projects. More detailed info on Umbrella’s expertise you can find on their blog. But let’s come back to one of the most important and interesting topics this year — mobile payment security.

Advantages of Mobile Payment

Technologies that improve social practices have always been a focus of attention, and mobile payments are a clear example. They are safer and handier than paying in cash, and though payments technologies are still evolving, mobile payment has a huge potential to replace plastic cards in the near future.

Let’s see how mobile payment integration can help upgrade your business.

Customer Service Improvement

This one is pretty obvious: the easier the process, the happier the client. With mobile payments, a customer doesn’t need to log into a special banking app, a security check is easier and you don’t need to remember сard digits. The number of steps needed to make a transaction is minimal and the payment is made almost literally in one touch.

Marketing Strategy Development

Mobile payment is an important source of insights that can help adjust your business to the appropriate payment types for your customers. It’s far easier to gather statistics of your customer preferences and segment them according to the history of their purchases.

Security of Transactions

Mobile payments are much safer than many people believe they are. The statistics are controversial:

But even the world-class skeptic can’t deny the convenience and opportunities offered by mobile payments. The real picture is truly not that bleak. In fact, mobile payments are more secure than cash or plastic cards due to the application of different data security methods such as cloud-based security and tokenization. These methods provide a high level of security and are applicable to sensitive data protection, authentication, and authorization.

Mobile Payments Risks

No matter how technologically advanced the system of mobile payments protection is, there are still some risks that shouldn’t be downplayed. According to ISACA, the greatest security vulnerabilities associated with mobile payments are:

How to Avoid Risks

Though the Umbrella team can’t protect your customers against the physical loss of their smartphones, it definitely can tell you how to improve your app payment security and steer your users clear of being scammed.

Mobile payment security can be ensured in several ways. First and foremost, the choice of the right payment system makes a big difference. This is especially crucial when it comes to e-commerce projects. When working on such projects, Umbrella always prefers integration with well-known systems that have already proved their high-security level. So, when developing an e-commerce Bounce app for payments between merchants and customers, Umbrella has chosen Stripe to ensure safe payments with credit cards and vouchers. Another prominent example is IDA app that translates and stores driving licenses. This app supports online payments for translation through PayPal. Both systems are quite popular, reputable, and easy to implement in any app.

Are you interested in other security measures available and fitting for your business?

In most SaaS apps built by Umbrella, mobile payment security is one of the pillars for users’ interaction. For this reason, it’s highly important to make every effort to ensure the reliable and stable function of the system using up-to-date technologies and tools. Here are some simple recommendations Umbrella practises in every mobile project, intended to avoid payment-related risks.

To get more details continue reading Umbrella’s article: Mobile Payments and Security: How to Avoid Risks.

Having decided to develop a mobile app that is capable of making secure mobile payments, you need to invest in the prosperity of your business. Don’t hesitate, contact Umbrella right now.

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Originally published at www.appfutura.com.