Payment Authentication makes online shopping safer for both buyers and sellers.
The branded initiatives offered by VerePay will:
- Eliminate fraud and "I didn't do it" chargebacks.
- Guarantee payment to merchants on all fully-authenticated transactions.
- Guarantee payment to merchants on attempted authentications. (Visa transactions and interregional Mastercard transactions)
- Lower Interchange Rates.
- Provide a secure environment for safe international e-Commerce.
- Dramatically reduce fraud screening costs
- Protect cardholders from fraudulent use of their credit cards.
Below are some statistical averages from over 22,000 merchants currently using Verefied by Visa and MasterCard SecureCode:
- 7.5 out of every 10 transactions are guaranteed payment
- 95% of Visa transactions are protected from fraudulent chargebacks
- 15% of Master Card transactions are protected from fraudulent chargebacks
- The average authenticated transaction is $117
Why should you choose VerePay?
VerePay offers an ASP.net solution that quickly and easily integrates with your current check out process and enables each of the payment authentication initiatives. By providing one integration that addresses the unique requirements of each initiative we eliminate the need to install multiple software components for each program. |
