The Mastercard 3DS is now easily one of the most sought after video game consoles. It allows users to transact business in a whole new level. With the introduction of the enhanced transaction protocol, it has made it possible to transact in real time. This feature is a very important addition for any business considering the fact that more transactions are done online. Furthermore, the enhanced transaction protocol makes it possible for merchants to do advanced transactions such as giving discounts, accepting payments and giving reports. Here are some of the most significant features of the new protocol.
Advanced Security & Authentication Transactions: With the help of Mastercard, customers can ensure the security and authentication of all their transactions with ease. The enhanced security features help Mastercard clients to make the process of authentication more effective. In addition, the new authentication request feature helps to generate unique QR codes for every transaction and hence, it becomes easier for customers to make transactions. With this, they can also track the amount of money they have spent and track all the transactions they have done.
Merchant Accounts. With the introduction of the fully authenticated transactions, merchants can perform different kinds of advanced transactions without having the fear of fraud. It has made the whole process more secured and fool proof. The issuers also allow the consumers to pay via credit cards and other payment methods which can make it very easy for them to transact business. Moreover, it is also possible to give discounts and provide incentives to the customers.
E-commerce Capability. The internet and the development of the internet infrastructure have made it possible for every merchant to use the E-commerce capability of Mastercard. It has enabled them to offer various kinds of products to the customers by making it possible to transact business using the internet. Through mastercard's sha1 server certificates, it is now very easy for the users to make online purchases.
Merchant Account. The enhanced E-commerce capability offers a lot of benefits for the buyers as well as the sellers. For instance, with a traditional merchant account, the process of authentication and the authorization of a transaction are made by the company that holds the card. In case of Mastercard, it makes things more convenient as the process for both parties is facilitated by the issuer. The issuer uses the digital signature technology for authentication, which ensures that only legitimate parties are conducting transaction with the buyer.
Merchant Accounts. Through the MCO, it is now possible for merchants to accept all major payment methods like Credit Cards, Debit Cards, Internet Banking and mobile payments such as PayPal. The benefits for both the buyers and the sellers are numerous. First, it allows merchants to expand their business and increase their customer base.
Effective October. Merchants now have a chance to experience enhanced security features for both the buyer and the seller through enhanced MCO and fraud liability protection. The enhanced protection enables merchants to take some important decisions such as accepting credit cards without entering sensitive information. The enhanced security feature is also a great help for my transaction which has now become easier.
MCO Assurance. The new version of the MCO includes enhanced authentication for sellers which provides greater peace of mind for both the buyer and the seller. The enhanced authentication includes more security protocols such as advanced session control and multi-factor authentication. With these benefits, merchants can now go for more secure and efficient services which ensure the security of sensitive data. Whether the transaction is secured by the MCO or not, the benefits that the buyers get is worth the investment.
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