Internet credit card processor PayGate (founded in the 1990's) shared with their merchants, in their latest online credit card processing tips and updates newsletter to credit card merchants, some useful FREE internet credit card processing fraud reduction tips to help them prosper in their online credit card processing in 2008.
PayGate internet credit card processor has experienced consistently solid growth in credit card processing and seen an increase in volume of credit card processing by its merchants this past year. There is a definite increase in usage of credit cards in the international trend to a cashless society.
There has been a significant increase in the granting of internet merchant facilities relative to POS devices this past year. PayGate supports its online credit card processing merchants in getting a merchant facility which enables merchants to receive Visa and MasterCard payments from anywhere in the world.
INTERNET CREDIT CARD PROCESSING NEWS FOR MERCHANTS
How to combat online credit card fraud this year. These tools are provided by PayGate to their internet credit card merchants for FREE in their quest to provide you with the most effective credit card processing.
MasterCard SecureCode (SecureCode) and Verified-by-Visa (VbyV)
The outright winner, is MasterCard SecureCode (SecureCode) and Verified-by-Visa (VbyV). This (free) service is working very well for many PayGate merchants and highly recommended. SecureCode and VbyV pass the fraud risk to the cardholder and the issuing bank.
'Velocity Check' and 'Blacklist' facility
PayGate have recently introduced a 'Velocity Check' and 'Blacklist' facility into the Back Office. The Velocity Check allows PayGate merchants to prevent multiple use of the same card on the same day. The Blacklist facility allows merchants to Blacklist (block) a card (or cards) for use on their merchant facility.
Transaction Approval Notification by email
PayGate has an automatic Email Transaction Notification service which will email merchants confirmation of every approved transaction processed for their account.
All the above services are provided by PayGate to their internet merchants for FREE in their quest to provide them with the most effective and cost-effective credit card processing.
PayGate has had a very good 2007, breaking all records in terms of reliability, new product development, enhanced processing performance, improved infrastructure, improved contact centre capacity and exponential growth in internet credit card processing merchants.
