Internet commerce — the programs Verified by Visa and MasterCard SecureCode
Raiffeisen Bank Aval together with the company Ukrainian Processing Center — a certified provider of electronic payments — offers cooperation to Internet shops in the sphere of Internet acquiring, particularly, in acceptance of payment cards for payment of goods and services via the Internet network.
Our Internet acquiring partners:
take part in the global secure payment programs "Verified by Visa" and "MasterCard SecureCode";
give their clients a possibility to pay for acquired goods and services via an Internet site of a shop with the help of payment cards, issued by any Ukrainian bank;
improve their competitiveness and increase the sales volumes both due to appearance of new clients-cardholders, and in connection with a growing number of purchases per client;
owing to participation of the bank and the provider of electronic payments in the programs "Verified by Visa" and "MasterCard SecureCode", permit trading and service enterprises to automatically become participants of these programs, to conduct transactions in a secure environment and to minimize risks of fraudulent payments;
obtain a unique chance to concentrate their efforts directly on running a business, so as processes of getting card requisites and their authorization are provided by the resources of the payment server and the host system of the Ukrainian Processing Center.
To be connected to the electronic commerce system, you should:
1. give the Bank or UPC brief information on your enterprise: its name, location, the period of existence as a legal entity, the activities in Internet, a description of the goods/services to be sold through Internet, a monthly turnover for the last three months, the minimal, maximal and average cost of the good/service to be sold via the site, the anticipated level of a monthly turnover, the purpose buyers (territorially: Kyiv, regions, Ukraine, foreign countries), contacts and other;
2. connect with the UPC company, which provides the technical and processing support of the project, for discussing technical questions;
3. sign the coordinated agreement with Raiffeisen Bank Aval, which experts will give the trading organization the required information and the documents on connecting the electronic trade system (an Internet shop) to the payment server. Specialists of UPC will provide a free access to a test version of the payment server for adjustment of the Internet shop’s software, will provide the hardware of authentication and electronic signature and help to integrate it into the shop’s software.
A transaction scheme in the electronic commerce system:
A client visits the trader’s site, chooses the required goods and the way of payment "BY A CREDIT CARD".
Then he automatically switches over to the UPC server, where he inputs some confidential information (the card’s number, the expiry date, the CVV code.
The UPC server links with the corresponding payment system (Visa, Mastercard) for receiving an authorization code in case if the required sum of funds is available on a client’s account.
On receiving the authorization code, on the shop’s server there appears confirmation of availability of funds on a client’s account and writing the required sum off for payment of the chosen goods/service.
After receiving an affirmative response, a trader provides a client with a commodity/service chosen.
In a few days, money for the provided goods/service (less the Bank’s commission) will enter in the trader’s account.
The credit cards, issued by all the banks of the world, including Visa Electron/ Maestro (the latter — only in case of the issuing bank having the corresponding authentication system), are accepted for payment.
Any additional information on the technology of acceptance of Internet payments can be obtained on the website www.ecommerce.upc.ua
take part in the global secure payment programs "Verified by Visa" and "MasterCard SecureCode";