(PRWEB) September 16, 2015
Payverifi was featured on NewsWatch as part of its monthly Tech Report, which features the latest and coolest technology products available to consumers. Amanda Forstrom, a technology expert and special reporter for NewsWatch, conducted the review and shared with viewers how this system protects merchants and customers by verifying and securing payments.
There’s a good chance that all business owners have experienced the headache that accompanies setting up a “card not present” payment portal. Meaning, 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.
Payverifi is a system that was set up to assist in confirming, tracking and validating sales to reduce the liability for credit card fraud or buyer’s remorse. So if a business owner is using 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, visit http://www.payverifi.com today.
NewsWatch is a weekly 30-minute consumer oriented television show that airs on the Discovery Channel and ION Network. NewsWatch regularly features top technology products and services, mobile applications for iOS, Android, and Windows devices, unique and beautiful travel destinations around the world, health and medical tips, and entertainment interviews on the show. NewsWatch airs on the Discovery Channel at 7:00 – 7:30 AM ET/PT.
NewsWatch is located in the greater Washington, DC area and has been on air for over 25 years. For more information or to watch the most recent episode, visit http://newswatchtv.com/tech-report.html.