Define the methods and transactions of Bluesnap online payments.
Methods of Bluesnap online payments :
They’re more familiar with the BlueSnap experience; it’s becoming more of a trusted payment method. So you see larger purchases with the wallets, which is excellent news; these are the best online user experience, especially mobile checkout. They are still determining if there’s even a comparison to the way used to do things typing in credit-card numbers on a mobile Keyboard. So if you’re selling on mobile and haven’t implemented the wallets yet, your customers probably feel frustrated, so they should definitely work on implementing them. If you are not yet selling on mobile, you still have plenty of opportunity for building this into your go-to-market plan next up, fraud prevention in chargebacks. So with our recent additions of Cardinal commerce as a partner for 3d secure and chargebacks 9-1-1, they think they have a fraud stack that is unmatched in the Industry.
So they have a solution for Bluesnap at every stage of chargeback management, so it’s our partner account. Their real-time fraud detection upfront, as well as Visa MasterCard verification and ethics, help prevent imminent chargebacks before they occur. Now, with the addition of chargebacks 9-1-1, they have overhauled the solution for disputing invalid chargebacks and recovering more revenue flowing directly to your bottom Line. So starting with 3d security is an additional layer for protecting online card transactions; each card network manages three specific products. They each have brand names that you might be more familiar with verified by Visa MasterCard secure code protect Buy and American Express safe Key.
Transactions of Bluesnap online payments :
So there are two main reasons why 3d security is important one is regulatory, and the other is more economical; on the Bluesnap online payments regulatory side, there are a handful of regions. Today where 3d security is required for e-commerce and economics, 3d security allows merchants to shield themselves from liability from fraud chargebacks. So any transaction authenticated with it was an unauthorized purchase; you, as the merchant, would not be liable for that chargeback, as we talked more in a moment about their new chargeback dispute Capabilities. They have a very integrated way of ensuring that any of those chargebacks are automatically disputed, as they mentioned. They’re just a handful of regions where 3d security is required today; that’s going to change dramatically in September of next year; that is when PSD 2 will start being enforced regarding securing online transactions whose Napa is ahead of the game in an offering 3d security.
Now making sure that they are ready to help you all implement 3d secure well ahead of that timeline so a ten next years when they must authenticate any e-commerce transaction with a solution ready for you. So chargeback management is completely overhauling the experience of managing chargebacks, responding to chargebacks tracking data on charge rack reason codes the whole Process. They are doing that in partnership with a company called chargebacks 9-1-1 who is the leader in charge of rack disputes and chargeback management? So they’re currently doing a limited beta, and we’ll be extending that to all our customers very soon. If you are excited to start using it now, let us know so they can make sure to keep you updated on its availability.