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What does it mean to authenticate your payment?

16 May 2022 By PAYCEC

The verification procedure is a process to authenticate your payment to see whether the transaction is authentic or not. An authentic transaction is a payment that happens under your surveillance, with your knowledge and approval. The payment authentication system will take care of identifying your card information, and double-checking your permission.

This process has two important steps of validating that is:

  • Making sure you’re the rightful owner of the card by asking you to fill out the correct card information. For example: cardholder name, card number, CVV code, card expiration date.
  • Making sure you want to make the payment by asking you to enter an OTP code sent to your phone. In case you have second thoughts, lose your card, or don’t have access to your phone at the time, the transaction wouldn’t be completed. Therefore, your account balance can’t be affected by identity thief, credit card fraud, or simply by an impulsive shopping burst of the moment.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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