Merchant Accounts --
Billing, Security, Chargebacks, EChecks FAQ
Frequently
Asked Questions - Security
| Q: |
How secure are my online
transactions when using the Integrated Payment Service (IPS)
processing solution? |
| A: |
The IPS processing solution
integrates several fraud prevention measures to maximize the
security of confidential information submitted online. These
measures include but are not limited to:
- Providing consistency of
information, or data integrity, during transmission from the
user's computer to Wells Fargo. Specifically, data integrity
involves preventing unauthorized creation, modification or
destruction of information from unauthorized sources through
the Internet. For any e-commerce transaction, it is essential
that the IPS processing solution receive the exact transaction
information as supplied by the initiator (merchant) of the
transaction. It is critical that a financial transaction be
completed exactly as originally intended. As the merchant, you
must also be assured that the information you received was
properly authorized and was not tampered with during
transmission.
- Ongoing protection of your
transaction information is provided 24 hours a day, 7 days a
week. IPS uses sophisticated data information checks that
control the risk of data alteration during transmission to
identify any data that has been altered.
- Encryption is a way to
control information integrity and makes it difficult for an
unauthorized party to access and read transaction information.
Using encryption-matching processes, information that has been
altered can easily be identified and the transaction rejected
since the integrity of the information is suspect. If the
transaction is rejected, the customer can re-initiate the
purchase. (There is no monetary impact to your online business
if this occurs.)
- Internal system controls
over the systems that use the information are implemented to
provide the integrity of data while it is being processed by
IPS.
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