Confirming Transactions

Confirming Transactions

Customers are notified by e-mail of any transaction made with their account ID. Part of the agreement between participants and first virtual mandates that the participant supply an e-mail address used frequently. This assures that customers can respond to first virtual with their purchase decisions in a timely fashion, and will be able to notify first virtual of unauthorized use of their account ID.

Infohaus

Selling online can be expensive proposition, maintaining an online presence through an Internet World Wide Web server has always required a significant investment of money and time. First virtual provides the Internet server, offering participants’ information to browsers and buyers on the Internet through world wide web, file transfer(ftp), or e-mail distribution.

Security considerations-Although users are urged to keep their account ID’s private, the ID is readily accessible to merchants and is transmitted in clear across Internet, making it accessible to eavesdroppers. The account ID is basic unit of identification between buyer and seller. So theoretically an unscrupulous merchant could attempt fraud using customer account IPs.