E-commerce

E-commerce payment solution makes expanding your business easier for you

  • Profitable - credit card payments may increase the turnover of your company by as much as 50%.
  • Secure - it uses the security programmes of international card organisations: Verified by VISA from VISA and Securecode from Mastercard. These solutions ensure that card transactions on the Internet can only be made by cardholders.
Application

Usage of payment solution

To be able to use the E-Commerce payment solution, you need:

  • contract with regard to servicing the Swedbank payment cards on the Web
  • secure Web-site and e-store
  • well-functioning system for delivering the goods to the clients
You can see on the drawing how they payment with the card is done with the new e-commerce payment solution

To make the transaction the customer uses the solution what has been made on your e-commerce page.

  1. The customer chooses the suitable product or service in your e-store and approves the transaction amount. Your program prepares a card transaction query, which is signed electronically.
  2. The query is sent to the Nets Estonia AS.
  3. In the course of conducting the transaction, the customer automatically enters the payment page of the Nets Estonia AS, where he enters his credit card number and its term of validity, CVV (Card Verification Value), and name. The full card information will be kept by the Nets Estonia AS and it is not sent to the merchant.
  4. The system of the Nets Estonia AS authorises the transaction through the international card organisation corresponding to the card and at the same time identifies the payer.
  5. The customer is displayed a response about whether the transaction was successful or not.
  6. After the customer has approved the transaction, the merchant gets a message concerning the execution of the transaction.

Security

We offer you a new e-commerce payment solution. It is more secure as it uses the security programmes of international card organisations: Verified by VISA from VISA and Securecode from Mastercard. These solutions ensure that card transactions on the Internet can only be made by cardholders.

It is very easy and convenient to make purchases on the Internet, but the relative anonymity of the transactions may make the security questionable because the merchant does not always know whether the buyer is the cardholder. This risk can be reduced by complying with the security rules recommended by the banks. We always tell our customers, which network connection to use in order to ensure correct transmission of the data between the bank and the Web store. E.g., when requesting the customer data it is recommended to use SSL – Secure Sockets Layer.

All transactions which are conducted at the web store, must be carefully monitored. If there is any doubt of fraud, it is worth notifying the bank immediately thereof. The newest solutions help to minimize the risk of fraud and the merchant can focus on its business. Keeping a web store is not very expensive and certainly develops yours business in the positive direction.

Visa and MasterCard have established strict rules for all participants in the card business for preserving card information that are in detail established in the following document. Therefore Annex 4 belongs to the E-Commerce contract. In case of E-Commerce service offered by Swedbank the card owner enters his/her credit card data directly to the server of the Nets Estonia AS while executing a transaction and related thereto the merchant can quite easily meet the requirements for the protection of card information developed by the international card organisations but that does not release the merchant from his/her liability.

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