Telco talking-point: the cloud transformation of payment transactions

In an era where data breaches are becoming increasingly sophisticated and the criminal threat to payment transactions is unprecedented, it makes sense for telecoms businesses to include a secure payments solution as an integrated part of their offering to customers. Doing so adds value and offers a point of difference over competitors, but the challenge is in providing businesses with a fully secure payment solution that achieves industry compliance and does not compromise customer experience. There’s no getting away from the fact that businesses, large and small and in almost all sectors, depend on taking payments over the phone. Furthermore, customers expect to be able to pay over the phone for goods and services – and without the fear of sensitive data being hacked. However, this fundamental business service is under increasing threat from cybercriminals and hackers. Card not present fraud was valued at &pound…