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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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Thread Tools |
03-18-2002, 12:16 PM
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#1 |
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Confirmed User
Join Date: May 2001
Location: Europe
Posts: 270
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good news abotu cc processing...
this was posted on another board from epoch... sounds really fucking good for all of us
 --------------------- Well both VISA and MC both have new programs either in production (VISA) or still in development (MC). I am sure you have heard of the VISA program which is call Verified by VISA or 3D secure. In a nut shell here is how it works. Basically a cardholder registers with their issuing bank and is given a password to use online with merchants who are 3D secured enabled. At the time of purchase at a website an additional popup window is spawned which connects the cardholder to their issuing bank, they enter their password and if it matches then the merchant is given a response back from the issuer that this cardholder is in fact the true owner of the card. So basically what this process does is create a card present transaction in a card not present enviroment. MC basicially works the same way and the name of thier program is SPA. What are the benefits. Starting April 2003 if you complete a transaction where the issuing bank has verified the cardholder then the transaction CANNOT be charged back as they are now. Better yet, if we as a merchant attempt to get this authorization from the issuing bank and their system is down or they do not support this program then they still CANNOT chargeback. --------------------- cool, huh?
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03-18-2002, 12:22 PM
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#2 |
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HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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cool? i dont think so
i chargeback all the time |
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03-18-2002, 01:15 PM
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#3 | |
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Confirmed User
Join Date: May 2001
Location: Europe
Posts: 270
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Quote:
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Make your surfers happy on my bandwidth Need voyeur content (pictures and videos)? Hit me on ICQ 83581235 |
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