Why Do We Need To Use Visa Verified 3d Secure Fraud Prevention?

As far as online payments are concerned, the business needs to find out ways to deal with the online frauds. Luckily today, verified by Visa stands at the forefront of security. Thanks to this amazing technology and the 3D secure version 2 protocol, the merchants can easily protect themselves from fraud. And, this is what we will talk about in today’s article.

We are aware that payments frauds are increasing day by day and these frauds cause a lot of losses for merchants. The moment a customer notice something suspicious, the customer will fight a chargeback, and this is no less than a nightmare.

Let us understand a few basics here. Many people do not what is ‘verified by visa‘. If we put it simply, verified by visa a cluster of actions that ensure a legitimate transaction by the card owner. This system make payments easier, customers feel safe, the chargebacks are reduced and the cart abandonment reduces as well.

How does it work?

According to Visa, this process is completed in two steps:

Step 1: the customer enters all the card details. The card identity is confirmed by the issuers. If the issuer has any doubts during the authentication process, the user asks for the verficiation by visa password.

Step 2: if there are no additional requirements, the issuer will work behind the scenes and confirm the transaction.

Using verified by visa is very easy. The user doesn’t need to install any extra applications. There are just a few extra checks to ensure that the transaction is safe and sound.

NOIRE Pay uses the same 3D secure technique to safeguard its merchant accounts. Our financial experts team will help you understand this even better. You can always reach out to us for your next merchant account and we shall be happy to help you.

The 3D secure version 1.0 was too good. Based on the systems of this version, the 3D secure version 2.0 was created. It is always in the interest of the merchant. Know how it works:

• It is highly improved and customers are less frustrated.
• It offers multi device support for a better customer experience.
• Better analytics with the help of increased data support 

The 3D secure version 2 have made things easier for the merchants, users and issuers. The more the better, the version has created a win-win situation for all the parties.

To know more about 3d Secure Version 2 please visit the Website: Noire.com

Build Your Business To Accept And Acknowledge Alternate Payment Providers

Alternative payment providers are identified as a means for paying for services or goods not made using major card systems or cash. This includes mobile payments, prepaid cards, bank transfers, e-wallets, and instant financing.

Alternate payment providers have risen in popularity as tech giants, and financial tech companies have come into the payments ecosystem now to offer consumers convenient and quicker ways to make their purchases and send money to family and friends. Alternative payment methods are anticipated to account for almost 60 percent of e-commerce transactions globally. 

Various new options

While numerous people are acquainted with mainstream alternate payment methods like PayPal, there are various other available payment options too. The reputation of these payment methods varies by location. Mobile payments have started to control the market in China. 

Research properly

Regardless of the rise in popularity, it might be hard for merchants to ascertain which alternative payments are worthwhile presenting to their clients. To guarantee success, researching various payment methods should become an essential part of the plan of a merchant to expand the business into unknown territories.

Customers have started to embrace e-commerce that transcends borders. Taking your online business to a global audience is something that comes with a set of challenges often, but by taking your time to research the alternate payment providers, you can certainly acquire the rewards.

With the help of NOIRE, you can offer your consumers local payment methods that are appropriate for their country. The experts modify their payment solutions to meet your business requirements.