NEMS can provide a merchant
processing account that can be integrated within your
existing software system, or we can direct interested
merchants to any number of reputable web service providers
who will recommend software products that are time tested
for specific e-Commerce operations or proposed product
lines. The level of guidance and support from Northeast is
determined by the degree of confidence the merchant has in
their current internet service provider and their level of
expertise in establishing fully secure e-Commerce sites.
As a result of the increased
risk with e-Commerce merchants, merchant candidates are
required to complete a comprehensive e-Commerce Profile
Sheet that provides the acquiring bank and the processors
with very specific data regarding the operation and
fulfillment of the proposed e-Commerce application. This
insures that the e-Commerce applicant will be operating in
full compliance with current MasterCard and VISA rules and
requirements. It is important for new e-Commerce merchants
to understand the potential for fraud through the internet.
Depending on the product line traded, the risk factor for
fraud can go from low-moderate, to extremely high. Part of
the merchant relationship for NEMS, is the daily monitoring
of transactions by our fraud detection department. With
e-Commerce merchants, each merchant must take a more active
part in the fraud management aspect of the relationship and
operation.
|