How to Pick the Best Digital Wallet for your E-commerce App – Part 2

Amidst all of this, the digital wallet is one mode of payment process which is being used like hot cakes and everyone wants a piece of this cake. Jumping on this bandwagon are E-commerce companies. They are proactive in providing various modes of payment methods to the enhance the consumer experience. Today we bring you the important things that E-commerce companies need to keep in mind while integrating the best digital wallet into their E-commerce mobile apps.

The Security Aspect of The Digital Wallet

Users link their bank accounts, debit cards, and credit cards directly to one online account in the wallet. This makes the security element, one of the most vital things to look out for a digital wallet.

The consumer data needs to be highly encrypted and stored on secure servers. Proper compliance checks need to be adhered by the digital wallet providers. All merchants that accept payments cards must adhere to the Payment Card Industry Security Standards Council’s (PCI SSC) data security standards, the most important of which is the PCI Data Security Standard (PCI DSS).

The PCI SSC is an open forum that develops and manages the PCI DSS and related payment card data security standards. Merchants, processors, card issuers and technology vendors are required to comply with those standards.

Proper Sandboxing

In cybersecurity, a sandbox is a security mechanism for separating running programs. It is often used to execute untested code, or untrusted programs from unverified third-parties, suppliers, untrusted users and untrusted websites.

A sandbox typically provides a tightly-controlled set of resources for guest programs to run in, such as scratch space on disk and memory. Network access, the ability to inspect the host system or read from input devices are usually disallowed or heavily restricted.

In the sense of providing a highly controlled environment, sandboxes may be seen as a specific example of virtualization. Sandboxing is frequently used to test unverified programs that may contain a virus or other malicious code, without allowing the software to harm the host device.

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