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Payment Credit Card

[dropcap style=”font-size: 38px; color: #9b9b9b;”]E[/dropcap]cosystems allows Entities WITHOUT their own credit card merchant facilities to accept payment from credit cards.

Besides saving Entities the time and expenses of setting up their own credit card merchant facilities, the ecosystem has guarantee the payment – which NO OTHER credit card processors (like PayPal) can offer.

 

Credit Card Types

 

All ecosystems will have their own set of credit cards that they will accept. In most cases, they will accept at least:

 

Payment Mediums

 

 

Web Browser

 

 

Telephone

 

 

Short Message Service

 

Standard Checks

Ecosystems do NOT disclose the exact checks they perform in the process of registering a credit card for use. The following are some of the checks they do usually performed.

Location

Analysis of available locations:

    1. Credit Card Issuer Location (e.g. bank country, name, phone)
    2. Network Address Location (e.g. ip address, mac address)
    3. Billing Address Location (e.g. address for credit card statements)
    4. Device Sensor Location (e.g. mobile tower, GPS, wifi access point)
    5. Phone Number Location (e.g. country, telco)

Blacklist

Checking against these blacklists:

    1. Credit Card Number
    2. IP Address
    3. Email Address
    4. Phone Number
    5. Location

 

Trusted Credit Card User

 

A Trusted Credit Card User has a good history of using their credit card for payment and receives certain benefits.

 

Requirements

 

Trusted Credit Card Users are those that (at the time of their transactions):

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    • have been with the ecosystem for more than 365 days.
    • have make at least one successful payment with their credit cards to the ecosystem within the last 90 to 365 days.

    [/custom_list]

 

Benefits

 

A Trusted Credit Card User saves time since some security checks are waived.

 
New Credit Cards
 

A small random amount is charged to any new credit card registered by the user to the ecosystem, in order to verify that the credit card really belongs to the user.

In normal cases, the user must read that random amount from their credit card statement and then supply that information to the ecosystem to prove that they have access to their credit card statements.

In the case of the Trusted Credit Card User, they do NOT need to supply that information to the ecosystem. The small random amount will still be charged in order to verify the correctness of the credit card. However, that credit card is now valid immediately after the charge and there is no need to look up the credit card statement for the random amount.