To ensure the highest level of compliance under the Payment Card Industry Data Security Standard (PCI), Viart Shop has recently added two 3D secure payment gateways to their shopping cart software.
Viart.com (http://www.viart.com/), an online company supplying PHP shopping cart software worldwide, has recently enabled two more 3D secure payment systems. This will help merchants to safeguard online shoppers and help protect them against online credit card fraud.
3D secure is a new technical standard developed by Visa and MasterCard to secure CNP transactions over the Internet. Visa brand their version of the scheme ‘Verified by Visa’ and MasterCard have called their initiative ‘MasterCard SecureCode’. Other cards included in the scheme are Maestro and solo.
“3D secure transfers the liability for fraud from the merchant to the card issuer, under a range of conditions. It’s an online version of ‘Chip and Pin’ technology, making shopping online more secure for both merchants and shoppers. Explains Mr. Birzul, Technical Director of Viart.com.
Fraud and security concerns have grown in tandem with the growth of eCommerce. By offering 3D secure payment systems, Viart is making shopping online safer for both buyers and sellers.
3D Secure authentication requires the cardholder to enter a PIN/ password they previously assign to their credit card. This is needed to complete any transaction online and therefore protects the cardholder from unauthorised use of their card.
For merchants, the benefits of 3D secure include confidence in order acceptance and protection from fraudulent charge backs. (more…)