In today’s challenging virtual world, implementing secure solutions for ecommerce “card-not-present” (CNP) transactions is not optional. Banks need to implement Payment Card Industry requirements to protect their customers and their brands, both as an Issuer and an Acquirer.
PayVas has teamed up with Modirum, a leading eCommerce Services provider, to offer its 3-D Secure Authentication and fraud prevention services to card Processors, Issuers and Acquirers in the region. The purpose is to:
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- Protect the Issuers, Acquirers and Merchants against fraud, hacking and card ID theft
- Ensure the benefit of the Liability Shift
- Increase Customer confidence, both Cardholder and Merchant
- Reduce chargebacks and processing costs
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