Payment Gateway Features OverView

Bookandhost's 'Authorize and Capture' feature is a boon to you as an E-commerce website owner. After successful authorization of an order, Bookandhost gives you total control of the options that you can choose for the transaction.

The options available to you are:

• Pending
  By default, the transaction is kept on 'Pending' mode, and remains so for twelve days, to enable you use any other option. If you fail to use any of the options, then the transaction is automatically deleted from the entire system.
  
  
• Shipped/Order Executed
  When you select the 'Shipped/Order Executed' option, only then the transaction is captured, your customer's Credit Card is charged, and your account is credited.
  
  
• Cancel
  In case of some unforeseen reasons, you are unable to fulfil your customer's orders, you can utilize the 'Cancel' option and the entire transaction is cancelled. With Bookandhost, no cancellation charge is to be borne by you. Most of the other Indian Payment Gateway Providers charge a hefty 4% to 5% of the transaction amount as cancellation charges
  
  
• Partial Execution
  Also, if you are able to execute the order partially, only your desired partial amount will be charged to your customer's Credit Card and the balance will be cancelled. No cancellation fee, with regards to the cancelled amount, will be charged to you.
  
  
  Bookandhost offers to you, a gamut of easy to use payment collection facilities to choose from:-

• Bookandhost Variable Amount Interface
  Ideal for merchants with a web storefront, The Bookandhost Web Link uses a easy-to-use HTML form post interface for Credit Card and net banking transaction authorization.
  
  
• Bookandhost Shopping Cart Interface
  For merchants without web developing resources, the Bookandhost Shopping cart allows the sub-merchant to integrate a shopping cart directly into their website in a matter of just couple of hours.
  
  
• Bookandhost Bill/Invoice Payment Collection Interface
  Ideal for all merchants as a means to confirm any telephonic or electronic negotiations or to otherwise raise instant bills to shorten the transaction processing time.
  
  
• Bookandhost Auction Payment Collection Interface
  Ideal for merchants hosting auctions either on their own sites, or on auction sites like baazee.com and ebay.com etc. The Auction Payment Collection Facility enables merchants to process payments for winning bids online.
  
  
• Bookandhost Virtual Terminal Interface
  For merchants in export, retail or exhibition business, the Bookandhost Virtual Terminal provides a convenient way of manually entering and processing Credit Card transactions.

SECURITY

Security is a key concern for all parties when transacting online business. At Bookandhost, we have ensured you have no worries on this front as you expand your operations in cyberspace. Listed here, are our key security measures: Handling your customers' sensitive data Bookandhost adopts stringent security measures to ensure that critically sensitive information, such as your customer's personal information and their Credit Card details, are protected. Your customers' entire Credit Card Authorization is done using through High End Secure Payment Gateway. Your customers enter all their personal information and credit card details on Bookandhost's secure server and the same is encrypted before it is transmitted over the Internet to the payment gateway. Secure technologies for Bookandhost's server Bookandhost's server is behind security firewalls to ensure maximum protection of your customer's details. This guarantees that your information is inaccessible to any third party. Bookandhost uses industry-standard SSL (Standard Sockets Layer) Technology, which is used worldwide, for this data encryption. Bookandhost also follows strict in-house security guidelines for ensuring confidentiality of your customer information. Since the Payment Gateway application software is maintained at The Bank's secure high end server, new payment technologies, standards and features are automatically implemented as they emerge. The payment gateway is integrated with risk management component, which empowers them with the ability to control risk effectively. These robust risk management tools and fraud filters include: 1) Risk Management Rules and Parameters. 2) Negative Files. 3) Risk Management Queries, thereby making your E-commerce     transactions safe and confidential.    Internationally Certified Security standards Bookandhost is registered with Verisign, the world's best and most trust worthy Net Authentication Agency. Click here to verify our certificate. Hence, with Bookandhost by your side, the benefits of the latest technologies are yours without you having to change your interface. Stay ahead in the rapidly changing landscape of E-commerce. For now, no matter how fast the transactions grow in volume, regardless of your website size or hosting environment, things never go out of control. ADDED SECURITY What is Card Verification Method (CVM)? The Card Verification Method, or CVM, consists of a 3 or 4-digit numeric code that is printed at the back of the credit card along with (after) the credit card number, where the card holder signs in his signature on the card. This additional 3 or 4 digit numeric code is not embossed on the card nor available in the magnetic stripe. This additional 3 or 4 digit is code is featured / incorporated on all Master Cards and Visa cards issued worldwide, including cards 'Valid only in India and Nepal'. Visa calls this security feature as CVV2 and Master Card calls it as CVC2. Why CVM? The purpose of CVM is to ensure that the person submitting the transaction is in possession of the actual card, since the code cannot be copied from charge slips / receipts or skimmed from the magnetic band. Bookandhost requests your customer to provide this numeric code for your order and submits it with the authorization through the Citibank gateway. The card processor (i.e. Visa or Master Card) will then validate the code supplied with the number on record for the specific card, and return a match/no-match response. Securing your customers According to a Gartner Group survey, 98% of the Credit Card numbers that the hackers / fraudsters are able to collect, are through charge slips thrown away by retailers / restaurants / Shopping Malls etc., which contains the Card Holder's Name, the 15 or 16 digit Credit Card number and the expiry date. This extra 3 or 4 digit numeric code is not printed anywhere in the charge slip. Therefore the hackers / fraudsters cannot use these Credit Card numbers on CVM-validated transactions. World Wide statistics have shown that fraud rates on transactions with verified CVM codes have been significantly lower, than those for transactions without CVM (fraud rates on CVM-validated transaction are reportedly 90% lowhier than those for non-CVM transactions). The Card Verification Method process is an expensive proposition for the payment gateways and is therefore not incorporated by any Payment gateway in India with the sole exception of Citibank.