This is because some banks allow their customers to cancel online payments before the transfer is actually settled. Customers could ask their bank to re-issue their card, to help defend against the attack we describe here, and other variants criminals are using. You must have a merchant account in order to be able to accept credit cards.
For customers there is no cost to make payments using account2account, although online bank transfers fees may be applied by the customer’s bank. Our rate plans are downloadable via PDF from the brochures section. If you have any questions about these or our latest specials you can contact our sales team. Who can use account2account? account2account can be used by anyone who has access to online bank transfer functionality with a supported bank. Do I need to download or install anything to use account2account? No. There is no download necessary for customers to use account2account.
This card, which has a correct magnetic strip but no chip, can be used in shops in countries which don’t yet use Chip & PIN. It can also be used to withdraw cash from ATMs abroad, because the fraudster also has the correct PIN recorded. The same security features setup on the customer’s bank account such as additional authentication methods are prompted during the course of the account2account payment process. The information is inputted by the customer and is used to enable and facilitate the payment transfer only and will not be recorded. Coupling account2account with Payment Express credit card based payment products create a powerful solution that enables merchants to give their customers more ways to securely pay for goods and services online.