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Impact of the Strong Customer Authentication on E-commerce

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What is 3D Secure? 3D Secure (3-domain secure) or also known as payer authentication is  is an XML-based protocol designed to be an additional security step for online credit and debit card transactions and prevent fraud. It was first deployed by Visa and MasterCard and branded as “Verified by Visa” and “MasterCard SecureCode” respectively. Notably, other card networks also have developed this authentication tool- American Express has branded it “SafeKey”, Discover as “Discover ProtectBuy”, and JCB International as “J/Secure”. It is a three-part process, in which three parties are engaged: the issuer, the acquirer, and the card network. This process is controlled by a piece of software that is installed on the website of merchant known as Merchant Plug In (MPI), which communicates directly with the card networks. The entire process with 3D Secure enabled looks as follows: ·       The customer confirms the order and enters the payment card details at the checkout. ·       Th
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Establishing a successful e-commerce business: step-by-step guide

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Building a successful e-commerce business is much more than just choosing a brand name, buying a domain, establishing product inventory, developing the website and starting selling your products or services via the online store. In order to succeed, the e-commerce entrepreneur needs to consider a variety of factors that must be addressed prior to the launch. We will discuss each step, which should be carefully assessed whenever establishing an online store; more precisely we will focus on the following matters:       Considerations about e-commerce;       Choice of products and creation of a brand;       Development of online store;       Payment acceptance;       Marketing. Considerations about e-commerce Prior to starting an e-commerce business, it is of crucial importance to be familiar with its core aspects. Don’t start acting before you established a clear plan on how you will proceed to the last step, then your endeavours should become profitable. There is no s
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