- TrustPay brings Apple Pay to merchants offering an Easy, secure & private way to pay

Today TrustPay brings its merchants Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

 

TrustPay has successfully integrated and tested Apple Pay to support and accept all payment transactions. Thanks to this innovative and modern method, the checkout process will be a breeze from now on. Contactless payments will be easier to use, secure, fast and available to all merchants. 

 

Security and privacy are at the core of Apple Pay. Using a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the device. Each transaction is authorized with a one-time unique dynamic security code.

 

David Rintel, CEO of TrustPay commented: “We are excited to bring Apple Pay to all our merchants as it is becoming more and more popular contactless payment system in the world. By integrating Apple Pay, TrustPay will provide effortless real-time transactions and more security protection to prevent fraud.”

 

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. 

- Meet TrustPay at Affiliate World Europe ’19

Dear partners and clients,

 

on 8 – 9 July 2019 TrustPay will be attending and exhibiting at Affiliate World Europe ’19, the world’s premier gathering of influential performance marketers and e-commerce entrepreneurs in Barcelona, Spain.

If you plan to attend and want to meet our team, schedule a meeting at sales@trustpay.eu. Come by and visit us at our booth A34!

- Visa Fraud and Chargeback Rules Update

F2S and Chargeback Ratio Lowered to 0.9% from October 2019

 

Effective 1st October 2019 Visa will apply new thresholds to improve the efficiency of the Visa Fraud Monitoring Program (VFMP) and the Visa Chargeback Monitoring Program (VCMP).

The main purpose of these Visa programs is to protect cardholders against fraud, protect the integrity of the Visa payment system, and introduce a standardised framework across the world.

Visa calculates the fraud and chargeback ratios as following:

VFMP: Fraudulent transactions (in USD) reported in the past month divided by the sales of the merchant for the past month (in USD) to get the fraud-to-sales ratio.

VCMP: Chargebacks reported in the past month divided by the sales count for the past month to get the chargeback ratio (CTR).

Both programs only take into consideration cross-border transactions, i.e. intra and inter-regional transactions.

The new thresholds from October 2019:

Visa has three thresholds: warning, standard, and excessive. However, Merchants qualified as high risk (MCC’s: 5962, 5966, 5967, 7995, 5912, 5122) will automatically fall under the Excessive Non-Compliance Assessments even if they only break the Standard threshold.

 

Program

Criteria

VCMP Standard

• 100 or more in dispute count and
• 0.9 % or higher ratio of dispute count-to-sales count

VCMP Excessive

• 1,000 or more in dispute count and
• 1.8 % or higher ratio of dispute count-to-sales count

VFMP Standard

• USD 75,000 or more in fraud amount and
• 0.9 % or higher ratio of fraud dollar-to-sales dollar amount

VFMP Excessive

• USD 250,000 or more in fraud amount and
• 1.8 % or higher ratio of fraud dollar-to-sales dollar amount

 

In case of exceeding a threshold, Visa will inform TrustPay. In turn, we will notify our Merchants and will work closely with them to cut down the fraud/chargeback levels. Please, note that non-compliant activity triggers a non-compliance fee. Merchants breaching the Excessive thresholds will be assigned a Non-Compliance Assessment fine for each month of a breach.

TrustPay is taking this opportunity to notify all of the Merchants to take appropriate action to ensure they maintain adequate risk controls to stay below the program thresholds.

Therefore, we would like to advise you to check and confirm that your terms and conditions are properly disclosed to consumers and that you operate in compliance with the TrustPay’s recommendations as well as Visa’s new rules on fraud and chargeback.

If you need any assistance or more information on TrustPay’s chargeback and fraud policies, please, contact your Relationship Manager.

- Come and meet us at SaaStr 2019 in Paris

On 12 – 13 June 2019 TrustPay will be joining the world’s largest SaaS community to attend SaaStr Europa 2019 in Paris, France. If you are planning to come and want to meet and discuss the most effective online payment solutions, don’t hesitate to contact us at sales@trustpay.eu.

- Meet TrustPay at NOAH 2019

On 13 – 14 June 2019 we’ll be attending and exhibiting at Noah Conference in Berlin, Germany. We’ll introduce and present our reliable and cutting-edge payment solutions and tools to save you time, minimize reconciliation issues and maximize growth. Come and visit us at booth #LR14

- TrustPay is attending the Digital Dragons 2019 in Krakow

From 27th to 28th May 2019, we will be attending the leading game industry event in Europe, Digital Dragons 2019, in Krakow, Poland.

 

If you’re interested to meet with us, please, contact us at sales@trustpay.eu.

 

Back to top
This site uses cookies to provide you with a better browsing experience. By browsing TrustPay websites, you agree with using cookies. Find out more on how we use cookies here.