Implement Payment Method Management System

[YuJun Oh]

Description:

To offer our customers a more flexible and secure shopping experience, we plan to introduce a Payment Method Management System on our platform. This system will allow users to securely save, manage, and select their preferred payment methods for transactions. It aims to streamline the checkout process, reduce friction during purchases, and enhance overall transaction security. Integration with our existing e-commerce infrastructure is crucial to ensure a seamless user experience.

Objectives:

• User Convenience: Simplify the checkout process by allowing users to save and manage their payment methods easily.
• Flexibility: Provide users with the ability to add, delete, and choose from multiple saved payment methods for their purchases.

Required Changes:

• Secure Storage for Payment Methods: Develop a secure system for storing sensitive payment information, including credit/debit card details, digital wallet IDs, and bank account information.
• User Interface for Payment Management: Create a user-friendly interface within the account settings where users can add, remove, and manage their saved payment methods.
• Integration with Checkout Process: Seamlessly integrate the management system with the existing checkout process, allowing users to select from their saved payment methods during purchase.
• Compliance and Security Measures: Implement robust security measures, including encryption and tokenization, to protect user data and comply with PCI DSS and other relevant regulations.
• Administrative Tools: Provide backend tools for administrators to manage and monitor payment methods, including handling issues related to fraud or expired payment methods.

Acceptance Criteria:

• Users can securely save multiple payment methods to their account and manage them through an intuitive interface.
• During checkout, users can select from their saved payment methods, streamlining the purchase process.
• Administrators have the necessary tools to oversee and manage user payment methods, ensuring the system's integrity and security.