MrECash Credit
/ Processing
The MrECash Credit
solution enables any financial services provider to offer merchants
and consumers the secure, online payment protocols endorsed by the
major card associations, such as Visa’s 3-D Secure and MasterCard’s
SPA. These protocols are designed to ensure the authenticity of all
parties in the payment transaction while ensuring consumer privacy
– a key to both consumer and merchant acceptance of online payments.
Through state-of-the-art
encryption and digital signature technology, the MrECash Credit solution
authenticates the consumer and the merchant through their financial
institution, and authorizes the payment. Consumer privacy is achieved
as the minimal set of payment data required is transmitted in a highly
secure form.
Merchants can
introduce the acceptance of these secure payments directly into their
regular online order acceptance and processing stream by adding our
Merchant Integration Kit. And since consumer identification and funds
are verified in real-time, merchants enjoy the equivalent of a "card
present" transaction, without the fraud and charge-back concerns
associated with "card not present" payments.
Leveraging consumer
familiarity with physical credit cards, our solution employs a "Virtual
Credit Card" interface, in either a local or hosted configuration.
In either case, the Transaction Engine ensures payment integrity and
system reliability.
Product Highlights
- Supports protocols
of the major card associations, including VISA 3-D Secure and MasterCard
SPA
- Direct, real-time
access to traditional credit card processing systems, in a familiar
credit card paradigm
- Creates the
equivalent of a "card present" transaction for merchants
- Consumer authentication
and payment authorization without transmitting private consumer
information
- Online balance
and transaction histories for both consumers and merchants
- Virtual Credit
Card exclusively service-provider branded
- Accessible
from both wired and wireless devices, including PCs, mobile phones
and Palms
- Merchant Integration
Kit, for simple, disruption-free integration with existing commerce
systems
