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July 18, 2003 01:16pm
Payment Processing, Real-Time Verification, Turnkey Solutions
Source: myVirtualCard.com
by: Company Press Release

(MONTREAL, QC) -- myVirtualCard.com announced today that it has developed a gateway solution with an edge!

Debuting at the Internext Expo Aug 1-3, 2003 (booth #1118) myVirtualCard's eCommerce solution for online merchants can integrate seamlessly into any online merchants website. Enabling myVirtualCard to provide any merchant with identification validated customers during the transaction process.

The online e-commerce industry lacks a security solution for chargebacks and fraudulent activity. Presently as long as a charge is authorized the payment is processed. There is no security and you are regularly dealing with chargebacks and losing money.

myVirtualCard is a cost effective, secure, transaction-processing solution with a difference, providing a new cutting edge customer verification process that will dramatically reduce the occurrence of chargebacks, reduce your time spent on this problem and improve your bottom line!

Chargebacks are a major issue in every online merchants business model. And presently, transaction processor's rates have factored in for this frustrating & costly problem.

myVirtualCard has accomplished what will be a dramatic reduction in this problem with a unique Real-Time Online Customer Verification System. The system gathers the identification of the customer through telephone password identification with the ultimate goal of deterring fraudulent activity.

Transactions and authorizations will be completed almost instantaneously. Enabling the merchant to provide their services &/or ship their orders to their customers with fewer worries.

Launch timing for the system is August 2003 and the company is looking forward to supporting transaction processing for the online merchant community as soon as possible.

"There is clearly a need in the marketplace for this solution and we want to aid every online merchant in the reduction of this problem" said Norton Burah, President of myVirtualCard.

About myVirtualCard

Established in 2003 and headquartered in Montreal, Quebec, myVirtualCard's goal is to provide turnkey e-commerce solutions to thousands of online merchants around the world. The company's service is powered by proprietary technology that integrates online payment processing, fraud deterrence, merchant & user account management and financial reporting and tracking.

For more information about myVirtualCard:

Visit the company on the web at myVirtualCard.com or call (514) 668-2664.

myVirtualCard is a trademark or registered trademark of myVirtualCard.com in Canada and other countries.

1117 St. Catherine St. W., Suite 230, Montreal, Quebec, Canada H3B 1H9

Tel.: (514) 668-2664 Sales@myVirtualCard.com

myVirtualCard.com

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