Enhancing payment security with payment orchestration

For any commercial business, having a robust payment security layer isn’t just important - it’s a requirement for business growth and maintaining customer trust. This is because payments are becoming increasingly invisible and digital. Customers are leveraging multiple payment methods beyond cards and cash, opening up new vectors for fraud attacks that can damage a company’s reputation or lead to revenue losses.

Businesses that enhance their payment security benefit not only from lower fraud losses, but also strengthened relationships with their customers. 

Why payment security matters:

• Online payment fraud losses are expected to exceed $362 billion globally over the next 5 years
• 81% of consumers would stop doing business with a company online after a data breach.
• Merchants are expected to pay over $100 billion in chargebacks, 61% of which are the result of “friendly fraud”.

The key issue with payment security is that fraud, data breaches and cyberattacks are becoming increasingly hardened to detect, putting both merchants and customers at risk. And with each new payment connection a merchant forms,  the risk of payments fraud compounds.

Rather than take a “one-to-many” approach to payment security, creating a layered defense can help merchants enhance security without compromising efficiency or customer experience.

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Different layers of payment security

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When we talk about payment security, we’re not just talking about traditional fraud prevention tools. There is an entire ecosystem of solutions that exist to help safeguard the collection, storage and transmission of payment data across payment providers.

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Here are some of the foundational layers of payment security that businesses leverage across their payment stack:

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PCI DSS (Payment Card Industry Data Security Standard)

A required standard for businesses, PCI DSS safeguards cardholder data by ensuring secure storage, processing, and transmission of payment information. For merchants, PCI compliance helps avoid costly penalties and build customer trust.

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Tokenization

Tokenization replaces sensitive payment data transmitted during a card-based transaction with unique, non-sensitive tokens, reducing the risk of breaches and rendering data useless to hackers. By implementing tokenization, merchants can enhance security while simplifying compliance requirements.

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3D Secure (3DS)

This authentication feature adds a critical layer of protection by requiring customers to verify their identity during online transactions, preventing unauthorized access. For merchants, it reduces fraud and ensures a smoother checkout experience for legitimate transactions.

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ISO Certifications

Achieving ISO certifications, such as ISO/IEC 27001, demonstrates that a business meets globally recognized standards for information security management. These certifications enhance credibility, ensure compliance with international regulations, and reassure customers about data protection practices.

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Encryption

Encryption transforms sensitive payment information into coded data that can only be accessed by authorized parties, providing an additional layer of security. By implementing encryption, merchants protect data during transmission and reduce exposure to potential breaches.

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Balancing payment security and revenue

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Payment security is essential, but it shouldn't come at the cost of revenue. Merchants face the challenge of implementing robust security measures while avoiding false declines that can drive away legitimate customers and harm conversion rates.

According to Juniper Research, global payment fraud losses are expected to reach $107 billion in 2029. While this highlights the importance of security, overly strict measures can backfire. Contrary to common belief, achieving zero fraud is not always ideal if it comes at the expense of lost sales.

The real challenge lies in protecting both the business and its customers without compromising revenue. Merchants must find the right balance to ensure security enhances rather than hinders their operations.

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How payment orchestration strengthens payment security

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Payment security is an ongoing challenge that evolves alongside new technologies and risks. For merchants, staying ahead requires a proactive approach that addresses current vulnerabilities while preparing for future threats.

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Compliance and global protection

Payment orchestration platforms provide a straightforward solution for merchants to ensure compliance with industry standards, including PCI DSS and local data protection regulations. By tokenizing transactions, payment orchestration protects sensitive data globally, minimizing vulnerabilities and enhancing customer information security.

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Adapting to emerging threats

As payment threats evolve, payment orchestration solutions adapt to meet new challenges. They allow merchants to easily add advanced fraud detection tools and the latest security technologies without interrupting their existing systems. This flexibility helps businesses stay protected against new risks while keeping their payment processes secure and efficient.

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Yuno’s approach to payment security

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Yuno’s payment orchestration platform simplifies payment security with advanced features designed to protect customers, safeguard revenue, and ensure smooth operations. Our platform adapts to evolving threats and empowers merchants to implement robust security measures without disrupting their workflows.

We are fully compliant with industry standards, including PCI DSS and local data protection regulations. By covering the essentials and ensuring compliance, we take the complexity out of payment security, so merchants can focus on growing their business with confidence.

Yuno's product empowers you to:

• Advanced fraud prevention: Yuno integrates cutting-edge fraud detection tools and allows merchants to A/B test different anti-fraud solutions. This helps businesses strike the perfect balance between security and revenue, optimizing both protection and profitability.
• Risk Conditions: Yuno’s product customizes transaction flows and is used as a first layer of fraud screening. This helps you optimize fraud prevention costs by deciding whether to route a transaction to a fraud provider.
• Tokenization: Sensitive payment data is tokenized and securely stored in a Vault, eliminating exploitable information for safety, and automating card updates for convenience. Ensuring interoperability across processors and simplifying provider migration.
• 3DS authentication: Verifies cardholder identity during online transactions, applying authentication only when necessary. This dynamic approach balances fraud prevention with a seamless and secure customer experience.

With Yuno, merchants can confidently expand their payment systems while addressing the challenges of balancing security and profitability. By enabling smarter fraud prevention strategies and enhancing operational efficiency, Yuno helps businesses grow securely and sustainably.

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