Due to Chip and Pin, the number of online fraudulent transactions (by fraudsters) has increased since they do not need a PIN number to use your cards if they have stolen/cloned it/got the numbers from somewhere. Mastercard and Visa have introduced a good system so that when you have entered your card details, you enter three letters from a password before the payment will go through for verification. It is so easy to enrol in this scheme, and the password makes it almost impossible for anyone who is illegitimately using your card to make a purchase to complete the transaction. This scheme has been in place for over a year now, and we online traders are encouraged to use it to minimise the risk of fraud (something we are obliged to do under our Merchant T&C). Three times I have tried to implement it, but every time I do, we have more orders that never go through than those which do, and our business would fail, so we end up switching it off again. PLEASE enrol in this scheme, both for your protection and ours - it only takes a moment, and you are only required to enrol once - remember the password and use it for all MC/Visa transactions where 3D Secure is implemented. Under these difficult trading conditions, and increasing threat of fraud, we have to cooperate to beat the fraudsters and at the same time ensure that our businesses can actually remain trading. Thank you.
- posted
15 years ago