{"id":84,"date":"2002-04-18T06:45:34","date_gmt":"2002-04-18T06:45:34","guid":{"rendered":"http:\/\/104.198.166.54\/?p=84"},"modified":"2022-05-17T16:53:47","modified_gmt":"2022-05-17T06:53:47","slug":"online-sales-peace-mind","status":"publish","type":"post","link":"https:\/\/www.gpayments.com\/blog\/article\/online-sales-peace-mind\/","title":{"rendered":"Online sales – with peace of mind"},"content":{"rendered":"
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Picture this scenario: You’ve just sold a product through your online shop and shipped it to the customer.<\/p>\n

The customer receives the product but says he’s never ordered it – and refuses the credit card charge.<\/p>\n

The transaction is reversed and you don’t receive your money.<\/p>\n

On the top of all this, you have to pay for the transport of the order to the customer and back – and your bank might charge a fee for the reverse transaction.<\/p>\n

This is all part of online payment fraud, which represented $USD 700 million in 2001.<\/p>\n

Yet, total online sales each year continue to surge and now represent $USD 61.8 billion, says Bahram Boutorabi, CEO\/CTO of Australian Technology Showcase member company Gpayments. And the highest yearly growth rate is 89 per cent in Asia Pacific.<\/p>\n

Speakers at a seminar at the Australian Technology Showcase exhibition in Sydney in April explained that, in an attempt to reduce such global Internet fraud, Visa International has implemented a secure system which verifies online the identity of the purchaser and then guarantees payment to the merchant.<\/p>\n

The ‘Verified by Visa’ process presents added security for everybody, said Jackie Brian, National E-Commerce Manager at Visa International.<\/p>\n

Cardholders’ details are securely transmitted and merchants are guaranteed payment. The easily implemented system requires the user to register with a secret code.<\/p>\n

This secret code will be asked of the user every time he or she makes a purchase. The purchase will not be processed unless the code is correct. All the merchant will need to do is to install plug-in software to effect the verification.<\/p>\n

Merchants will be required to install the plug-in and use the ‘Verified by Visa’ by 1 April 2003.<\/p>\n

Award wining Gpayments is the first and only company in the Asia Pacific region that offers a complete product range supporting the ‘Verified by Visa’ system as well as another system implemented by Mastercard – Secure Payment Application (SPA), Mr Boutorabi said.<\/p>\n

For more information on ‘Verified by Visa’ or Gpayments solutions contact:<\/p>\n

Jackie Brian
\nE-Commerce Manager
\nVisa International
\nTel 02 9256 2424
\nEmail: jbrian@visa.com<\/p>\n

Bahram Boutorabi
\nCEO\/CTO
\nCreative Digital Technology PTY LTD (GPayments)
\nTel 02 9453 5411
\nEmail. Bahram@creative.com.au<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Picture this scenario: You’ve just sold a product through your online shop and shipped it to the customer. The customer receives the product but says he’s never ordered it – and refuses the credit card charge. The transaction is reversed and you don’t receive your money. On the top of all this, you have to […]<\/p>\n","protected":false},"author":2,"featured_media":1173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-84","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t