Card details, one-time passwords, and repeated checkout processes – online shopping can feel like a treasure hunt. However, sometimes with every extra click, the excitement of purchasing something becomes a frustration, and people leave products in the cart. Introducing Click to Pay!
It is a smart solution that makes digital payments secure and simple, eliminating the need to provide card details on every purchase. Still confused how it works? Scroll down to understand how Click to Pay works across different payment networks. So read and see the perfect mix of security and convenience for faster payments.
Understanding Click To Pay and Its Purpose
A replacement for the method of manually providing card details, Click to Pay is a digital checkout solution. It can be used on several devices and channels, which allows users to securely store their information and pay with a single click.
The result? The need to enter the details again and again is eliminated. Plus, Click to Pay is compliant with the latest Payment Card Industry Data Security Standard (PCI DSS) and integrates 3D Secure for an extra layer of security.
Enrollment and Setting Up Click To Pay
Planning to use Click to Pay? Enroll in the bank or payment network of your choice. Usually, most debit and credit cards provide enrollment; however, check about the participation of your bank in the Click To Pay programme.
Here is the process to do the enrollment:
- First things first, go to the website of the brand or the platform of the payment network.
- Enter your account details or credentials to verify your identity.
- Now, link your debit or credit card to the Click to Pay service.
After the service is set up, your credentials will be stored securely on the payment network, allowing you to use the service on multiple devices for a smooth payment experience.
Initiating a Purchase with Click To Pay
Here is the best part: After adding the items to the cart, when you are ready to pay, you will see a Click To Pay button at the bottom of the checkout page.
In some channels, button features from brand logos are used to ensure universal compatibility. When you click on the button, it asks you to choose the card for the transaction.
Plus, the shipping and billing information is also displayed automatically. Overall, there is no need to add the card details again and again, making the online transaction quick and secure.
Authentication and Security Checks
People will only use this system when it is secure, and Click to Pay has mastered that. Upon choosing the payment method, the platform takes you through the authentication process to verify the transaction.
Whether it is 3D secure verification or a fraud detection measure, the protocol is to provide a one-time password (OTP) to verify your biometric information and monitor transactions in real time to avoid any fraud.
Also, the authentication is seamless to ensure that the card is used by the real owner, taking only a few minutes to complete the process.
Transaction Processing Across Payment Networks
Now that the authentication is complete, the network will go ahead with the transaction. Visa, American Express, and Mastercard each have their own way of communicating with the bank and making arrangements for the funds.
Some of the steps are:
- The payment network verifies the request with the bank and processes the transaction request.
- The bank reviews the availability of funds, status of the accounts, and processes the transaction.
- The payment network does the authentication, and if denied, the message is sent to the merchant.
The good part? The process of authentication is standard across all banks and networks, enabling the Click to Pay service to work efficiently.
Completion and Confirmation of Payment
Once the authentication is complete and successful, your transaction will be completed. Next, the merchant provides the receipt, and the customer can see that on the checkout page.
The highlight? The Click to Pay service also uses payment tokenisation to secure the details of the customer during and after the transaction, meaning actual card details are not shown to the merchant to reduce the chances of breaches.
What more? Click to Pay also offers loyalty programmes, discounts, and shipping preferences to enhance the experience.
Managing and Updating Click To Pay Credentials
Want to leverage convenience and security always? The key is to keep your information and credentials updated. You can effortlessly do this through the portal of your payment network or bank.
Most of the banks also send a notification to the users about the expiry, verification, and reauthentication. Every feature and step in Click to Pay ensures that the payments are safe and quick across multiple channels, devices, and networks.
Conclusion
Click to Pay is quite advantageous for digital payments, delivering convenience and security.
The easy and standard process simplifies the financial transactions for both merchants and consumers. So, explore the service and make digital payments a stress-free part of everyday life.
