What are the most effective data quality checks for mobile payments?

1 Data validation

Data validation is the process of verifying that the data entered by users or received from other sources meets the predefined rules and standards of the mobile payment system. For example, data validation can check if the phone number, email address, bank account number, or card details are valid, formatted, and match the expected values. Data validation can also prevent duplicate, missing, or incorrect data from entering the system and causing errors or fraud. Data validation can be performed at different stages of the mobile payment process, such as during registration, authentication, authorization, confirmation, or settlement.

2 Data cleansing

Data cleansing is the process of identifying and correcting or removing the data that is inaccurate, incomplete, inconsistent, or outdated in the mobile payment system. For example, data cleansing can fix typos, spelling errors, formatting issues, or data entry mistakes that may affect the quality and reliability of the mobile payment data. Data cleansing can also update or delete the data that is no longer relevant or valid, such as expired cards, closed accounts, or changed contact details. Data cleansing can be performed periodically or in real time, depending on the needs and capabilities of the mobile payment system.

3 Data encryption

Data encryption is the process of transforming the data into a code that can only be read by authorized parties with a key or a password. Data encryption is crucial to protect the data from unauthorized access, interception, or modification by hackers, fraudsters, or other malicious actors. Data encryption can also ensure the data integrity and confidentiality of the mobile payment system. Data encryption can be applied to the data in transit, such as when the data is sent or received by the mobile payment system, or to the data at rest, such as when the data is stored or archived by the mobile payment system.

4 Data backup

Data backup is the process of creating and storing a copy of the data in a separate location or device. Data backup is important to prevent the data loss or damage due to technical failures, human errors, natural disasters, or cyberattacks. Data backup can also enable the data recovery and restoration in case of any emergency or disruption to the mobile payment system. Data backup can be performed manually or automatically, depending on the frequency and volume of the mobile payment data. Data backup can also be done locally or remotely, depending on the security and availability of the backup location or device.

5 Data monitoring

Data monitoring is the process of tracking and measuring the data quality and performance of the mobile payment system. Data monitoring can help to identify and resolve any data issues, errors, or anomalies that may affect the mobile payment functionality and customer satisfaction. Data monitoring can also provide insights and feedback on the data trends, patterns, and behaviors that may influence the mobile payment strategy and optimization. Data monitoring can be done using various tools and methods, such as dashboards, reports, alerts, or audits, depending on the goals and metrics of the mobile payment system.

6 Data testing

Data testing is the process of verifying and validating the data quality and functionality of the mobile payment system before, during, or after any changes or updates to the system. Data testing can help to ensure that the mobile payment system meets the requirements and expectations of the users and stakeholders. Data testing can also help to detect and prevent any data bugs, defects, or vulnerabilities that may compromise the mobile payment security and efficiency. Data testing can be done using different techniques and scenarios, such as unit testing, integration testing, regression testing, or stress testing, depending on the scope and complexity of the mobile payment system.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?