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You may have heard the term Payer Authentication before and wondered what it is. Payer Authentication increases the validity of online credit transactions. It ensures that merchants will be paid for any transaction the system deems authentic, even if it is later found to be fraudulent. Visa and Mastercard credit cards both offer forms of Payer Authentication as a higher level of security when conducting online transactions through your ecommerce software or shopping cart software.
Verified by Visa and Mastercard Securecode are the two solutions offered by Visa and Mastercard respectively. When customers check out using your Payer Authentication enabled ecommerce software, they are asked to register the credit card and pay using Payer Authentication. Once a credit card is registered as using Payer Authentication, each time a user purchases using that credit card, they must supply the correct credentials for the card that are known only to the card holder.
Arquan recognizes the importance and need for increased security when making online transactions and the threat that chargebacks are to merchants. This is why we have taken the extra time to do the Payer Authentication certification and integration with our shopping cart software to give you that option as an online merchant. So if you are looking for an ecommerce software that supports Payer Authentication, then look no further. If you would like to use Payer Authentication, it is available from our Internet Merchant Account and Internet Gateway partner CyberSource.
ArCart shopping cart software is completely integrated with the CyberSource gateway, so all you need to do is give us a call to discuss your needs, and we will help you with your CyberSource application including Payer Authentication. Sign up now with payment gateway CyberSource, which offers payer authentication through participating Visa and MasterCard credit holders.
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What you need to use Payer Authentication with ArCart shopping cart software
You will need just three things to use Payer Authentication with your ArCart ecommerce software:
1. Sign up for an ecommerce hosting package with Arquan starting at just $50.00 monthly.
2. Sign up for a Cybersource Internet Merchant Account with Payer Authentication.
3. A secure certificate installed for your ArCart ecommerce storefront - $199.00 first year / $159.00 yearly thereafter.
Verified by Visa
When a customer uses their Visa card in Payer Authentication enabled ecommerce software, the customer can choose to take advantage of the increased security provided by Verified by Visa. They will be asked to use the Verified by Visa process during checkout. If they choose to enlist, they will be asked to verify their identity, and then will create a password. From then on, in order to complete online purchases from participating stores, the customer must provide their password when making online purchases.
For more information, visit the Verified by Visa webpage.
MasterCard SecureCode
A customer using MasterCard in Payer Authentication enabled shopping cart software is asked if they want to participate in the program. They must provide personal information that identifies them, and they create a password that is associated with the credit card. Once enrolled in the program, users must provide their unique password associated with the enrolled credit card to ensure to merchants that purchases are valid.
For more information, visit the MasterCard SecureCode faq webpage.
Benefits of Payer Authentication for online merchants
- Minimize fraudulent credit transactions
- Ensure payment for all authorized transactions
- Increase customer confidence in online shopping at no extra charge to you
- Reduce expenses resulting from unauthorized credit transactions
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