Description
Since 1998 Verotel has provided payment solutions for the online community, and has a great track record! Verotel has proven continually that it understands the business model and inherent risks of the industry, and most importantly, that it understands the needs of its customers. Webmasters all around the world benefit from Verotel's experience.
Verotel started in the nineties as a 'third party biller', a model that used to exist in a grey-area in the VISA and MasterCard world: a world that wasn't ready for the Internet. While the credit card companies and banks were ill-equipped to deal with online fraud, Verotel's cardholder anti-fraud software Veronica was already state-of-the-art and was able to handle thousands of verifications per second.
When the competition, predominantly in the United States, was hit hard by the new rules and regulations regarding chargebacks in 2001 and 2002, Verotel entered into a dialogue with its banks and card companies. This dialogue resulted in very strong relationships with various acquiring banks all around the world. These banks supported Verotel and its business model all the way, and are now able to share in a mutual educational relationship with Verotel.
Today Verotel is stronger than ever, and is registered as a Member Service Provider (MSP) with the credit card companies. That means that endusers can safely enter their data into Verotel's systems; that Verotel's systems are proven to be strong and secure; and that thanks to our 24x7 network monitoring division, Verotel constantly keeps processing systems up and running.
Availability and uptime is fundamental for doing business on the Internet! If you signup as a Verotel webmaster you want to do business 24 hours a day, 7 days per week. We are ready to help you and your customers, every hour of the day, every day. We want to share our experience with you!
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