ChronoPay Company is one of the leaders in electronic commerce, providing the highest level of Internet payments security, both to users (payers) of online stores, and for online stores themselves. Due to collaboration with leading world companies in the field of data security and availability of the set of modern certificates, each client is assured of the set of modern certificates, each client is assured of complete confidentiality of information transmitted in all phases of payment.
A client of ChronoPay ALWAYS receives the following benefits:
- data channel of a payer’s confidential information is protected by SSL encryption protocol with key length up to 1024 bits;
- details of a payer are known only to ChronoPay Company and to nobody else, that guarantees protection against intruders to a payer and unconscientious online merchants;
- guarantee of a customer’s data security in ChronoPay Company is provided by security standards of VISA AIS and SDP (Site Data Protection);
- PCI standard compliance certificate (Payment Card Industry standards compliance), issued by SRC Company (Security Research & Consulting GmbH), a licensed certification auditor, for compliance with all security requirements, set by the major payment systems as VISA and MasterCard. The existence of the certificate provides for an annual audit with an auditor’s set-off to the company's office and quarterly scanning of all systems for vulnerabilities;
- company servers are reliably protected owing to cooperation with one of the leading hosting providers - Rack Space Company, which has SAS 70 Type II and Safeharbor certificates at its asset;
- HACKER SAFE Certificate is global network protection against hacker break-ins, guarantees that the company site and services are automatically checked for hacker attacks and it ensures the required counteraction to the latter;
- support of ecommerce transactions authorization protocol 3D Secure (Verified by Visa and MasterCard SecureCode);
- the system stores a payer’s data in the amount necessary to conduct transactions; all data relating to the payment card are stored in the encrypted form.
The obvious advantage of ChronoPay is also that the Company's customers can be assured of the additional protection of their business from fraudulent acts owing to the advantages of transactions monitoring software ChronoMethod API. This software is developed by the Company specialists on the basis of long experience and taking into account all the latest developments in the field of fraud struggle. It includes more than 50 fine-configured filters to determine the individual level of protection and more effective counteraction to fraud and several dozens of rigidly set parameters as well, which are intended to reduce the possibility of fraudulent transactions significantly.
The main advantages of this set are:
- credit card number check in the stop-list;
- payer’s e-mail address check (e-mail) in the stop-list;
- payer’s IP-address verification using the list of open (public) and anonymous proxy servers;
- payer’s billing address verification to the conformity of the declared address before the payment;
- the possibility to work with clients only from certain countries or regions;
- the possibility of establishing maximum and minimum limits on the amount and number of transactions for each Internet shop client;
- prevention of duplicate payments, or payments committed by mistake;
- usage of the entire range of instruments MaxMind Credit Card Fraud Detection Service, which are integrated into ChronoMethod API;
- the possibility of receiving notifications by an online-shop of each case hitting any filter of the system, configured accordingly;
- the possibility of instantaneous banning of Internet-shop users in case of certain filters ChronoMethod API triggering;
- view the results of transactions with detailed commentary in real time;
- if necessary there is the possibility to conduct operations to abolish the payment and refund money to a payer’s card account (Refund / Reversal) immediately after the completion of the transaction, directly through the user interface;
- the possibility of instantaneous setting up the entire ChronoMethod API for each online store separately, owing to the preset-settings;
- each ChronoMethod API filter has the possibility of individual settings from several options of action (notification, denial, banning, etc.).
In addition to all the technical means of providing security and fraud fighting, the Company has successfully operated ChronoPay unit, its experts carry out daily monitoring of transactions, and assist clients in investigations as well when suspicious payments appear. Company specialists can always help in selecting the proper settings of ChronoMethod API, taking into account the peculiarity of the particular client.
Furthermore, the unit specialists carry out the full cycle of claim consideration (chargeback cases), which also enable greatly to minimize risks connected with dishonest payers and thereby to improve financial security of clients. The described above methods of providing Internet payments security allow to fight and prevent effectively 99% of fraud cases using plastic cards.
The information is provided by our partner: http://www.chronopay.com
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