Online payments have been a blessing in disguise for millions of people. They have offset the traditional methods of payment by cash, cheque and demand drafts. Electronic money saw people generating interest towards using the credit card and the debit card. But the evolution of online payment methods has been mind boggling, to say the least which enables us to makeinstant payment in no time like BSNL online payments and purchases like shopping, ordering food, booking movie tickets, hotel bookings, buying rail and air tickets etc. Using our debit and credit cards, bank transfer and e-wallets, the world seems getting advanced as newer technologies enabling faster and securer online payments are being launched.
Some of the latest additions to this interesting list of payment methods online are:-
- Contactless payments – this form of payment has become very popular in Canada, UK and Australia and is surely to catch up soon with the rest of the world. This type of payment methods use smart cards, credit and debit cards and even smart phones, where radio-frequency identification is used for making secure payments.
- Authentication by finger technology – many of the banks are adopting this technology in which account holders of the bank or financial institution are able to log into their bank accounts using the tip of a finger. Since fingerprints are unique and much harder to hack, this is a much secure method of online payment. Imagine using this technology to make BSNL online payment – seems to be happening very soon in the near future.
- Voice-activated transactions are also one of the latest and smartest digital payment methods. This system uses voice recognition technology to send and receive money. The advantage is that the user does not require remembering passwords. Similar to fingerprint technology, voice is also unique and hence this method becomes a safer way of making online payments.
- Mobile optimization – it is up to merchants accepting online payments to make sure that their payment page are mobile responsive. Since smart phone usage is increasing, users now expect to be able to accomplish tasks like BSNL online payments using their mobile handsets. The payment page not only needs to be fast and highly responsive, it needs to be easily navigable too.
It has also been realized after studying available statistics that the chances of conversion are improved when the payment site is simple and contains only necessary information. Also the different available payment options need to be clearly specified and mentioned on the payment page. Forced registration is something that customers do not appreciate. It is important to keep these parameters in mind while designing and integrating with payment processing services. It is also equally important for the merchant to consider if the payment has to be done on the merchant’s site or should the customer be redirected to the payment processing site after weighing the pros and cons of both methods.
In order to facilitate better and safer transactions, online merchants need to keep upgrading their payment processing systems on continued basis.s