Category Archives: Safe card processing services

Card Verification Value

CVV IMAGE
safety measures for both #merchant and #customer

The card verification value enhances security both for the merchants and customers. The CVV are of two types called CVV1 and CVV2 respectively. The CVV1 is printed on the magnetic stripe for track 2 of card. The purpose of the first CVV is to verify the data stored in the card is valid and was given by the bank to the person for use. The CVV2 is printed on the back side of credit and debit cards. CVV2 is the three digit unique code which authenticates that the cardholder is genuine and reduce fraud for the business purpose. The American express card has four-digit code which is on the front side of the card. However the purpose of the CVV is to verify that the customer is the actual cardholder and these is considered an added security for the companies who sells their product online, generally used when card not present transaction take place on E-commerce website.

For merchants

Merchants requiring CVV2 for the card not present transactions can dramatically reduce the fraud cases in the business. Using this extra layer of protection can stop breach or fraudulent cards for going through. Avoid retrievals and charge-back fees.

For customers

CVV2 is prominent for the customers when the buy the online products because you say who you are. Under visa regulations, a merchant cannot store customers CVV database.

Address verification system

Address verification system or AVS, was designed by the card issuer to aid in the detection of suspicious credit card transaction activity, and verify that the cardholder address is same which is registered with the bank on file. This is a part of credit card service which requires the authorization for mail order/ telephone order transactions or internet e-commerce transactions. A code is received with an authorization which results in the level of accuracy. This helps to secure the most interchange rates for the merchants.

Visa, MasterCard, Discover and American Express supports this service and when paired with the CVV confirmation result in a secure transaction. To verify a customer address the merchant require cardholder’s zip code billing and the house or apartment number of the billing address. The merchant not need to enter the street, city or the state of the cardholder. While AVS is not intended for use as absolute protection against suspicious transaction activity, it just helps in authorizing non face to face transactions. Radiant payment gateway solutions recommends to all the merchant that they secure all these type of orders both with CVV and AVS.

Points to Remember While keep your Processing Safe & Secure..

Secure card processing services

Keeping Payment card transactions secure is a common responsibility of all. Merchants, credit card processors, card-issuing banks and the real card brands all have an important role to play.

Visa gives the following suggestions to you can to make your processing safe and secure:

  • Make the change to EMV terminals.

EMV technology encrypts every transaction so the information can’t be stolen and copied on fake cards, successfully withdrawing fraud. EMV terminals authenticate your card utilizing the dynamic data contained in the embedded microchip. The cardholder approves that they are the owner of the card while the card is still in the EMV terminal, finishing the double verification process.

If you haven’t effectively done the change to EMV at your business, you’re not doing all that you can to protect yourself and your clients from card fraud. Work with TSYS to distinguish which EMV terminals best suit your requirements and budget.

  • Implement Point-to-Point Encryption (P2PE).

The p2pe technology eliminates account information and encrypts sensitive cardholder information until it achieves secure decoding. Like EMV, this procedure makes the information wasted to criminals.

  • Outsource the handling of e-commerce cardholder information to a PCI DSS approved service provider.

Making this step reduces risk disclosure and expenses related to securing your environment. It can also essentially decrease PCI DSS applicability for merchants who don’t store, process or transmit cardholder information. Visa’s Global Registry of Service Providers gives a list of PCI DSS approved and enlisted service provider, including TSYS.

Radiant Payment Gateway Solutions consolidates various security solutions for help shield your business from fraud as well as from the crippling expenses of an information burst. Ensure your income, your clients, and your reputation by taking a proactive position to protect payment processing safe and secure.