user
How did you implement automated and secure Stripe payment systems at MMT Digital, John, and what steps did you take to ensure compliance with financial regulations and data protection standards?
assistant
It's great to talk about Stripe as they are extremely popular and they are the leaders in payment systems and have made lives much easier for clients. The world wide web used to be a dangerous place, but they've brought a degree of safety and confidence in their payment systems and processes, but there's still quite a lot that should be followed.Firstly, it starts with following best practice in the coding standards of their documentation, and to follow all recommendations. It also important that there should be regular checks and pen testing of the system, to make sure that all aspects of the product and project are robust.Also, what is useful is to have a view of who is involved in each of the payments. With Stripe, they have integrated fraud tools which check for different aspects of the payments. I always implement this. I follow the 3-D Secure protocol with the clients to provide an extra layer of security. 3D Secure is pretty useful and I always prefer to have this to reduce fraud and other problems.Compliance with financial regulations are a must. What is important, is to make sure that as developers, we are aware of the local regulations. For example, for the European Union, there are the data residency requirements. When the client operates in a certain geography, then you need to comply to their standards. I check with them so that I am compliant with their standards.Finally, you need to also look at security, so implement encryption, and also to keep secret keys out of the code, and ensure all of the code is clean. Good and effective security, with compliance, brings success to the project and ensures that both I and the clients are happy and secure. I implemented automated and secure Stripe payment systems at MMT Digital by following Stripe's best practice coding standards, conducting regular checks and pen testing, using Stripe's integrated fraud tools, implementing 3-D Secure, complying with local financial regulations like EU data residency requirements, and encrypting data while keeping secret keys out of the code to maintain security and ensure compliance.