Mandatory "Verified by Visa"

tickler · 2008-08-07, 12:26 PM

Seems that some banks are forcing Visa & MC to use it online.

Wondering if they will extend it to our industry, and help put an end to the "not me" chatgebacks.

Net shoppers bullied into being Verified by Visa
"For e-commerce retailers the scheme guarantees they are dealing with a genuine customer. If the retailer has Verified by visa then the liability shifts back to the bank, avoiding charge-backs for fraudulent transactions."
http://www.theregister.co.uk/2008/08...sa_compulsion/

2008-08-07, 12:26 PM	#1
tickler If there is nobody out there, that's a lot of real estate going to waste! Join Date: Dec 2003 Posts: 2,177	Mandatory "Verified by Visa" Seems that some banks are forcing Visa & MC to use it online. Wondering if they will extend it to our industry, and help put an end to the "not me" chatgebacks. Net shoppers bullied into being Verified by Visa "For e-commerce retailers the scheme guarantees they are dealing with a genuine customer. If the retailer has Verified by visa then the liability shifts back to the bank, avoiding charge-backs for fraudulent transactions." http://www.theregister.co.uk/2008/08...sa_compulsion/ __________________ Latina Twins, Solo, NN, Hardcore Latin Teen Cash