In its continuing drive to ease merchants' concerns and excite them about on-line commerce, MasterCard International has modified its chargeback policy.

Effective April 1, sellers of goods on the Internet will have a greater incentive to accept transactions that comply with the Secure Electronic Transactions protocol because losses are sure to go down, said MasterCard senior vice president Steve Mott.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.