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Virtual Purchase Connection of Financial Institutions
Virtual Purchase Connection is an intermediary between the buyer, seller and financial institution. That has major benefits for all concerned.
VPC authenticates buyers
How can you be certain of a buyer's identity when processing payments over the Internet? Offer VPC. We make it easy for your financial institution to authenticate your business' customers so you don't have to worry about stolen identities. Another advantage to VPC is that we integrate with your existing security and authorization procedures?there's no need to purchase new security software.
VPC speeds the payment process
Approval or denial of your customer's purchase takes less than two seconds. Because there are no numbers to enter and no forms to fill out for each transaction, errors are eliminated.
VPC reduces expenses, increases revenue
Because VPC is web-based transaction costs are minimized. At the same time your financial institution receives a portion of the discount rate paid by merchants. With VPC, very little effort is required to increase your Internet revenue.
VPC strengthens customer relationships
With VPC you can enhance and strengthen your customer relationships. Your financial institution is at the center of the transaction between buyer and seller?you approve and authenticate each purchase. The confidence that instills provides a foundation on which to broaden the relationship.