Protect Your Online Transactions
We encourage all our online merchants to implement MasterCard® SecureCode™ so that they can protect their international sales from fraudulent transactions.
The business case for electronic retailers to offer MasterCard® SecureCode™ protection to customers is compelling.
- 60% of eCommerce chargebacks are “cardholder unauthorized” (the cardholder denies making the transaction). MasterCard® SecureCode™enables online retailers to reduce chargeback and fraud costs
- 44% of consumers indicated having MasterCard® SecureCode™would increase their likelihood of buying more online
- MasterCard® SecureCode™makes accepting cards from other countries easier and less risky – helping online retailers move into new markets
- Retailers who are enabled with MasterCard® SecureCode™can be listed on the MasterCard Consumer Web site, www.mastercard.com/securecode, for free.
MasterCard® SecureCode™is initiated on a merchant’s web site and interacts with both the cardholder and their card issuer. When your customers check out, an in-line window appears asking them to enter a unique, personal code, that has been registered with their bank. The bank then authenticates the cardholde, and provides the Internet merchant with evidence of the online purchase.
Our cGate®SecureVerify is a fully compliant, Payer Authentication solution for MasterCard®SecureCode™(and Verified by Visa). Based on the Card Associations’ 3-D Secure™technology, cGate®SecureVerify provides merchants and bank Acquirers with protection from fraudulent transactions, chargebacks, and unauthorized payments made through an eCommerce web site.
Worry-Free Transaction Processing For Online Merchants:
- Improving the security of online payment transactions
- Increasing both cardholder and merchant confidence in Internet purchases
- Reducing disputes and fraudulent activity related to MasterCard payment cards
Worldwide Benefits Of 3-D Secure™ Solutions:
Merchants, Processors, ISOs and Acquirers all benefit from the 3-D Secure™authentication services as the solution operates under a worldwide security and compliance standard. Cardholders worldwide enrol in MasterCard® SecureCode™ (and Verified by Visa), so that they can authenticate each and every online purchase they make.
- Simple set up – no software to purchase, no merchant “plug-in” to install
- Immediate access to MasterCard® SecureCode™once enrolled by the Acquirer
- Protection from consumer fraud losses, unauthorized transactions and disputes
- Chargeback liability shift for certain reason codes
- Increased consumer confidence leading to increased sales
- Age validation for restricted web sites
- Increased card acceptance over other payment methods – increased sales!
- Lower transaction costs – allowing for more competitive product pricing
- Greater income potential from reduced transaction costs and chargeback penalty fees
- MasterCard® SecureCode™programme benefits, marketing and support
Acquiring Bank Benefits:
- Better and cheaper than chargeback insurance!”
- Immediate reduction in interchange costs for 3-D Secure™authenticated eCommerce transactions – up to 50 basis points savings on 3-D Secure™transactions
- Immediate reduction in credit risk, disputed transactions, chargebacks, exception handling expenses, and portfolio losses
- Immediate reduction in back office costs and administration relating to retrieval requests, dispute handling, chargeback investigation and lengthy presentment cases
- Fast and easy enrolment – no MPI software to purchase – installation and certification are completed on your behalf!
- Reduced capital expenditure in relation to other fraud management and detection services/software
- Guaranteed liability shift from acquirer to issuer for certain chargeback reason codes – check with your regional country representative for a list of valid chargeback liability shift conditions as these vary by region.
Processor And ISO Benefits:
- Long term retention of 3-D Secure™compliant merchants with Acquiring bank(s)
- Immediate reduction in disputed transactions, chargebacks, exception handling fees, and portfolio losses
- Immediate reduction in penalty fees and fines associated with high risk merchant transactions
- More negotiable discount rates for 3-D Secure™mauthenticated eCommerce transactions – immediate savings across the acquiring business portfolio
- Fast and easy enrolment – no MPI software to purchase – installation and certification are completed on your behalf by our team!
- “Pay as you Go” enrolment model – register one, some, or all, of your entire portfolio!
- Processors and ISOs can decide which merchants to set up for 3-D Secure™
- Guaranteed liability shift for certain important chargeback Reason Codes
- A more competitive eCommerce service to attract net new merchant business
- Overall improvement in merchant portfolio and profitability.