Advances in technology have changed the way transactions are carried out at the moment. Traditional banking hall methods have paved the way for digitized payment methods like chip cards and digital wallets, among others. These modern payment methods are powered by payment processes that are integrated into applications. Of a truth integrating payment, processes have helped to automate complex transaction processes so that there is a level playing for all-comers on the modern business landscape. However, the integration of payment processes is fraught with issues too. Here are some of the common issues with the integration of payment processes in Android apps.
The integration of payment processes in Android apps is powered by hardware and software platforms. Technical problems can hamper the interface between processing systems and lead to issues with the payment process. Such difficulties could lead to costly fees, lost transactions and delays in payments.
Chargebacks and fraud are two of the major security issues that attend integrating payment processes to Android apps. Chargebacks occur when funds paid to a merchant are taken back due to a disputed transaction. They can lead to revenue loss, especially when they are excessive. Fraud, on the other hand, has been known to be costly in terms of finances and reputation. Online cardless payments are particularly susceptible to the data breaches that lead to fraud.
The main way to ensure secured payment is in compliance with the Payment Card Industry Security Standards Council (PCI-SSC) regulations. Some of these regulations include maintaining a secure network, employing access control measures and applying tokenization and end-to-end encryption, among others. While compliance guarantees security, it is a tedious and costly process in itself that some payment processors have not undergone. Integrating payment processes to the Android app will require the services of PCI compliant processors if businesses intend to keep sensitive data safe from cybercriminals.
Most business that opts for integrated payment processes does not often factor in the flexibility of the process. The ultimate business objective is growth and expansion, but how flexible is the integrated payment process with increased volume. Growth and expansion of businesses can be challenging for an integrated payment solution that is not flexible enough to support increased payment volume and omnichannel payments.
E-commerce platforms are partly responsible for the proliferation of non-tradition payment methods. They essentially function based on the fees charged per transaction and often come with modules and Add-ons. One common issue with integrating payment processes to Android apps is platform support. Different eCommerce platforms support different payment methods (net banking, cryptocurrency and e-wallet, among others) which may or may not be integrated into the payment process in the Android app
Although integrated payment processes offer so many benefits to modern businesses. It is also vital for developers to have a good knowledge of some of the common issues associated with the Integration of Payment Processes In Android Apps.