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WorldPay to introduce fraud guarantee for online payments.

INTERNET BUSINESS NEWS-(C)1995-2000 M2 COMMUNICATIONS LTD

The Internet card payments and e-commerce systems provider WorldPay has unveiled a guarantee against fraud for companies and their customers buying and selling over the Internet.

The guarantee will be introduced from January 2001 to businesses that have selected WorldPay's WorldDirect service to handle their online payments. Covering all credit card and debit card payments, the guarantee promises that shoppers buying from businesses signed up to WorldDirect will get their money back if a business does not deliver and that businesses using WorldDirect will be refunded for any loss from stolen or fraudulently used cards.

WorldPay charges companies a monthly fee (typically GBP20) and a percentage of each transaction (typically 1%) for the WorldDirect service in addition to standard charges for handling online payment processing.

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Title Annotation:Company Business and Marketing
Comment:WorldPay to introduce fraud guarantee for online payments.(Company Business and Marketing)
Publication:Internet Business News
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 13, 2000
Words:144
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