Reduce Losses with PayVerifi’s Secure Payment Authorization

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"PayVerifi” was featured on NewsWatch as part of its monthly Biz Report, which takes a look small, medium, and large businesses making an impact in their industry. Susan Bridges, a reporter for NewsWatch and a business expert, conducted the business review and shared with viewers how this secure payment authorization protects merchants and customers.

"PayVerifi” was featured on NewsWatch as part of its monthly Biz Report, which takes a look small, medium, and large businesses making an impact in their industry. Susan Bridges, a reporter for NewsWatch and a business expert, conducted the business review and shared with viewers how this secure payment authorization protects merchants and customers.

Business owners have probably experienced the headache that accompanies setting up a “card not present” payment portal. This means that these owners have had trouble processing a credit card with just the number and no card being present. There’s a certain risk that goes with accepting payments this way. Well, it’s time to reduce those risks with PayVerifi.

This system was set up to assist in confirming, tracking and validating sales to reduce the liability for credit card fraud or buyer’s remorse. For example, if a business owner users a gateway like authorize.net to process credit cards, PayVerifi will receive information from the transaction and will query it. An instant e-mail with the merchant’s info will be automatically sent to the customer with all the transaction data asking for confirmation of the transaction. A text is also sent out to the customer to further authenticate themselves and the transaction, from which PayVerifi will pull even more information.

After this, they’ll check against 200 different fraud parameters to make sure all is kosher. The merchant will be notified of any flags at that point and can determine whether to allow the sale to process. This system protects both the merchant and the customer. Prices for PayVerifi vary depending on the service chosen by the merchant.

To learn more or sign up, visit payverifi.com today.

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