Printer Friendly

WorldPay to introduce fraud guarantee for online payments.


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.

((Comments on this story may be sent to
COPYRIGHT 2000 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
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
Previous Article:New web site for software developers launched.
Next Article:NEON Systems launches new version of iWave Integrator EAI system.

Related Articles
PSINet Starts European Roll-Out of SME E-Commerce Offering.
WorldPay reveals results of new e-commerce survey.
WorldPay survey shows euro adoption encourages online sales in the EU.
FraudForum opts for WorldPay transaction processing.
WorldAlert online fraud prevention system shipping from WorldPay.
WorldPay opts for MasterCard authentication system.
Internet Trader Pack launched by BT Openworld.
The vocal web.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters