Tag Archives: Credit Card Processing in UK

How Wise to use Selfie for Making Payments!

Selfie Merchant Acoount ProcessingThe word Pay by selfie is hitting the commercial global markets. The FIDO Alliance and card issuer consortium EMVCo have decided to bring into line their efforts to produce a new mobile payment specification. Selfie pay is totally new and innovative method for customers and merchants to pay and accept payments by verifying the identity when making transaction online with no spamming and fraud.

This allows card holders to verify the identity by using biometrics through selfie scan and finger prints – at the end the user require taking selfie. The only aim to develop a way to use secure nature of password. The update will introduced in certain countries the UK, Germany, Spain, Belgium and Sweden, following a series of successful trials in the US, Netherlands and Canada.

Finextra reports that the trial in the Netherlands proved very popular with 750 ABN Amro secure credit card users taking part. Over three-quarters of those involved stated that they would continue using a fingerprint scan or a selfie to purchase items. While nine out of 10 said they would replace their password with this new technology.
According to Mastercard nine of out ten people it tested in its Dutch pilot said they would like to replace their password with biometric identification definitively, while 75% of users said they are convinced that biometric payments will decrease fraud.

Why Credit Card Processing is So Important?

Credit Card Processing Importance

importance  of Credit card processingBeen dealing with online businesses acceptance of credit card is improving the efficiency and effectiveness of your website. It allows you to make automatic payments and make customers hassle free to pay online via credit card. Having credit card processing facilitates for your online business will make the whole buying process easy and straightforward. As it makes you free from the bothers of having to send orders or place remits by telephone, all they fix is simply enter the credit card details and the system grips the order and processes the transaction. It saves your valuable time and money of handle checks and credit card orders.

The prime plus point of accepting credit cards is the fact that it will allow you to program practically all of your online transactions and as you will know an online business needs to be able to function 24 hours a day and 7 days a week, so automation is key to success. Credit card processing handle everything in respect of accepting payments without complete attention and checking everything in order.