Online payments refers to money that is exchanged electronically – often referred to as e-money. Typically, this involves the use of computer networks, the internet and digital stored value systems.

When you collect a payment over the internet, you are accepting an online payment. Usually, an online payment is a transaction that results in the transfer of monetary funds from a customer’s credit card to an internet merchant account.

Merchants accepting online payments need to comply with various security measures. Nochex works closely with merchants to make sure these requirements are met quickly and with minimal inconvenience to business.

Online payment security is designed to reduce the chance that billing and personal information can be stolen. The transfer of data needs to take place over secure Payment Card Industry (PCI*) compliant encrypted connections. To ensure the security of Nochex’ payment infrastructure we periodically scan our network for security vulnerabilities.

To accept an online payment merchants need to have access to an online payment gateway. Nochex’ secure gateway is fully integrated with the credit card and the payment processing process.

To reduce the PCI security burden on merchants, Nochex developed an Automatic Payment Confirmation (APC) facility. Merchants integrate the APC on their website when they open a Nochex account. This facility greatly reduces the security obligations that apply to merchants. As a result, when customers make online payments, the whole transaction takes place on Nochex payment pages.

The typical online payment process has the following stages:

• Customer submits the payment information to Nochex via the Nochex APC. For example, the customer completes the Nochex payment form on the merchant website and submits the information.
• Nochex payment gateway submits the payment to the payment processor.
• The payment processor authorizes the payment and responds to Nochex.
• Nochex responds back to the customer showing if the payment was successful or not and taking the appropriate action.

An e-commerce online payment system enables the acceptance of electronic payments for online transactions. They are also known as an example of Electronic Data Interchange (EDI). E-commerce online payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.

A Nochex Internet Merchant Account provides businesses with the means to accept debit and credit card payments, online. It is the ideal solution for internet businesses that want a straightforward but secure way to take online payments.

*PCI DSS is the Payment Card Industry Data Security Standard. It was set up to help businesses process payments securely and reduce card fraud. PCI DSS is intended to protect sensitive cardholder data.