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Visa Preventing Online Post-Transactions

Visa Preventing Online Post-Transactions. Lily Tien -Yu Liu ISM 150 5/4/10. Introduction. Online credit card payments are used widely today Some companies trick online shoppers to sign up for online loyalty program that requires monthly fee

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Visa Preventing Online Post-Transactions

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  1. Visa Preventing Online Post-Transactions

    Lily Tien-Yu Liu ISM 150 5/4/10
  2. Introduction Online credit card payments are used widely today Some companies trick online shoppers to sign up for online loyalty program that requires monthly fee Post transaction allows a merchant to transfer the information of previous transaction to others
  3. Statistics
  4. Visa Inc.’s Solution Visa Inc. took action to stop post-transactions People have to re-enter their credit card numbers instead of just entering email address A notification will show that the cardholders are making a second purchase
  5. What can IT do more? Clear database of all the companies or websites that are cooperating with Visa online payment Others cannot charge from the card Instead of the receipt or confirmation emails from the websites, Visa credit card companies can send another emails after charging people will know what they’ve been charge immediately
  6. Sources Greg Sandoval. “Visa targets online marketing 'scam‘.” Cnet News. April 27, 2010. <http://news.cnet.com/8301-31001_3-20003489-261.html?tag=mncol;txt> Greg Sandoval. “Feds: Top e-tailers profit from billion-dollar Web scam.” Cnet News. November 17, 2009. <http://news.cnet.com/8301-1023_3-10399880-93.html > Michael Arrington. “The Post Transaction Marketing Wall of Shame: Hundreds or Well Known Ecommerce Sites Rip Off Customers.” TechCrunch. <http://techcrunch.com/2009/11/17/ptm-scams-scamville-rockefeller-senatehearing-wallofshame/>
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