Quote:
Originally posted by netbilling
Hi All,
Netbilling and other processors are ready to go with Visa 3D (Verified by Visa) and Mastercard as well. Visa pins will go into effect April 1st. This will shift liability for initial charges to the cardholder only as far as the customer begin able to say "I never made the charge". However, they still will be able to dispute saying "I never got what I was promised", or "Not what I ordered", "I never agreed to recurring billing" etc...
It will be great thought to help initial disputes and verify identity.
Other questions?
Mitch
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you forgot to say that with Visa's 3D secure and MC's UCAF, there are no more chargebacks for the merchant because that responsibility is moved to the card issueing bank.
And (not sure with 3D secure but i'm sure in the case of UCAF) the bad news is, no recurring allowed.