CenPOS announced today that it has certified its payment-processing platform with Verified by Visa and MasterCard SecureCode on TSYS and EPX. This new feature enables e-commerce merchants utilizing the CenPOS platform to mitigate fraudulent chargebacks while providing their end customers with a secure e-commerce payment mechanism. Online shoppers will have the opportunity to authenticate themselves with their issuing banks at the time of purchase; thus, making the payment process experience more secure for all parties. Verified by Visa and MasterCard SecureCode significantly reduce the chargeback risk for merchants while reducing their interchange expense. The authentication data, together with an authorization approval, gives merchants a transaction that is guaranteed against the most common types of chargebacks-“cardholder not authorized” and “cardholder not recognized” chargebacks. Merchants can focus on the business of fulfilling orders rather than authorization concerns.
“We are expecting an increase in fraudulent purchases in the e-commerce space in the coming years in the United States as a result of the EMV migration and adoption. We have seen the re-manifestation fraud trends in other countries in card not present transactions with the global adoption of EMV; therefore, these certifications are a must for CenPOS,” commented Jorge Fernandez Co-Founder and Chairman of CenPOS. “We are always looking for new ways to differentiate ourselves while delivering differentiated value to our clients. Today, security and protection is a top priority of every business executive across the globe. At CenPOS, these priorities are at the forefront of all our business initiatives,” added Fernandez.
CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.