T
he dollar amount for credit card and check fraud associated with transactions on the Internet could exceed $2 billion in 2002. To help reduce the increasing risk to merchants, financial institutions, processors and cardholders, Payment Technologies Group has released two new software packages.
The Transact-Secure and CSR-Secure systems integrate with e-shopping carts or telephone-order software to enable merchants to significantly reduce their exposure to credit card and check fraud. The anti-fraud transaction software has also been certified by VISA and, when combined with "Verified by VISA" technology, it eliminates chargebacks. Authenticated transactions are guaranteed up to $5,000 per transaction.
The products are being marketed through credit card processors, ISPs and other value-added resellers. Information: Phone 877-200-8811 or 941-254-0182 or e-mail .