Monday, Monday, February 18, 2002, 3:18:11 PM, Robert wrote:
> Then in that case, they are the only ones worth bothering with. Too many of > us have been stripped by the card frauds. >> Authorize.net does > Quite frankly, I believe it's time merchants got together and sought some > satisfaction from the banks and card companies. > They carry on about giving the customer 100% security - because they > themselves profit from the fraud carried out every day using their cards - > as the Merchant is teh one carrying 100% of the risk. This is where I think third party payment processors may end up being attractive. By that I mean options like paypal. For example, paypal lists a buyer as unverified until they authenticate a bank account (US Users) or a credit card (all other countries). They require the CCV field for credit card transactions, and they are pretty anal about AVS as well. And you can sell it to the buyers, because they never have to trust the seller with their credit card data, which is the real source of most of the fraud. It's got fraud prevention on both sides. For large orders, I've been requiring verified paypal status for US customers for sometime now, and had only one balk, and then reversed themselves within 20 minutes when they realized they could still use their credit card to make the payment. -- Best regards, William X Walsh <[EMAIL PROTECTED]> -- OpenSRS installation and customizations Payment Processing Integration Apache Installation and Support Services http://www.wxsoft.com/
