NetCommerce sal has been established in 1999 to provide internet payment solutions to the local market. Its activity has
been expanding since to cover all aspects of e-business for the regional and
international markets as well.
The main shareholders are Credit Libanais &
Fransabank, major acquiring banks for Visa and Master Card. An important
investment was deployed to develop a secure system with a worldwide quality of
service.
NetCommerce is proud to serve around 100
Merchants from the most prestigious firms collaborating closely with them year
after year in the growth of their e-business. Through NetCommerce, Lebanese
food & sweets, Cigars, Flowers, Arabic Books & CDs, Festivals booking,
Telecom services, Travel packages, Wedding list gifts and many other products
are traded online on a 24/7 basis.
The investment in the latest technology has
always been on top of the company's strategy objectives. More specifically
e-security is a major issue in the development of e-commerce and NetCommerce
evolved tremendously in that field.
Following the adoption and
implementation of Verified By Visa during 2004, in 2005 NetCommerce achieved the implementation of the MasterCard
Secure Code feature to guarantee the latest and most advanced online e-payment
security.
The Verified by Visa and MasterCard
Secure Code are credit card security protocols for
cardholder's identity authentication. It has been designed to increase consumer and
merchant confidence in electronic commerce and to reduce transactions disputes,
thereby contributing to the growth of online sales.
Those VbV and Secure Code are based on a
certification requested from and given by the bank issuer
through the acquiring bank. The e-payment is directed to the
bank issuer and the cardholder is prompted to enter a passcode
serving as an online signature for web purchase. The passcode
is exclusively known by the cardholder and its purpose is
to authenticate that the party using the credit card online is
the cardholder in
person.
NetCommerce sal - The Reference for e-commerce business.
