Tag Archives: online payment processing

Card Verification Value

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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.

How to Expand the Online Payment Experience?

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Today many customers are using the credit card and mobile                     payment to find more experience on payment. Many business owners are optimizing online payment process to save lots of time. It gives more opportunity to the businesses to enhance the experience of payment. Rapidly most of the people are connected digital devices to pay off for goods. We offer excellent customer satisfaction service to find more benefits on this processing. We give valuable tips t to access your business in the global market and achieve success. Here we have described some tips to improve your online payment experience with the simple process.

Enhance security system:

You might acquire positive experience to increase security to process payment. Internet security is the important one to complete a transaction without issue from cyber criminals and hackers. Over the word, high range of people is using internet for various purposes. This security assists to safeguard your payment details from hackers. It makes you feel more secure on process payment on your mobile device. There is some security software avail to handle financial operations elegantly.

Decline payments:

You should avoid declining of payments. Credit card decline is largest issues to improve processing experience. There are many reasons to decline cards on your hands. If entry incorrect details of your credit cards, it makes breaks payment processing. You have to keep the contact information of the consumer on the purchased products. It also involves various payment methods that handled manually.

Consider more payment methods:

Most of the customer likes to found lots of payment options for purchasing any product. You have to offer more options to acquire high experience. It is a crucial part for a consumer to pick right payment choice to payoff products that they buy on your website. So, go through these points to improve online payment experience.

5 Latest Online Payment System That Takes You Beyond

www.radiatpay.comAs we all know very well that today no one has time to go somewhere especially for transferring money. So, everyone tries to save their time and think to do work quicker and faster. That’s why today we are going to tell you all that how you can save your time due to pay your bills through online apps and how the apps help you to save your precious time.

  1. Google Wallet:-

Google Wallet is an option for online payment that helps you to send safe, simple, and fast money transfer from their browser, smartphone, or Gmail account. You even can get your credit cards, debit cards, loyalty cards, and even gift cards store to your account through Google Wallet.

  1. Apple Pay:-

Apple Pay is very easy and safe to pay any kind of transactions through you.  It’s not only a safest but also the fastest money transfer to their merchants. Apple Pay also has a feature to uses touch confirmation through ID. Just like, you can use your fingerprints to take out their burgers and pizzas.

  1. Stripe:-

Most powerful and flexible tools for e-commerce build by Stripe. It designed APIs and unmatched functions, whether it’s users, an on-demand marketplace, an e-commerce store, creating a subscription service or a crowdfunding platform. Stripe is a very helpful processor of money transferring to create best products for users. Most innovative technology companies are getting their companies on peak through stripe.

  1. Paypal:-

Just like all money transfer apps, Paypal is also highly known digital global platform for their users to transfer money speedily, safely and securely. It is also a time saver conclusion for their users to send money from here to there quickly.

  1. Due:-

Through its innovative time-tracking and invoicing tools, Due get famous. These tools are very useful for small businessmen and freelancers. Recently, Due allowed getting secure online payments on 2.7% transaction rate for its users. It also deals with global payments, digital wallet and e-bank to send and receive money.

These are five safest, fastest and innovative applications which can help you as an users to send and receive money hassle free.

 

4 ways you can shop safely with Mobile Payments!

img_online-payment_850x600_0Almost every individual own a mobile phone to carry various tasks and daily activities like: paying bills, online tickets booking, credit cards and insurances policies through mobile devices. And this proved an incredible way to save customers lots of time and money, also it is fast, secure and easy way to make payments. And these process is simply efficient to all who make online payments. Online payments through mobile devices is growing concern to over-come with frauds and cyber-theft. This concepts sincerely made an effort to safeguard the interest of the consumers and a huge step to safeguard online payments.

Considered this useful tips while shop online

1. Check the url address bar – while making online payments for any purchase of goods and services or to make online bank payments, check the address of the url it should be start with HTTPs . these is the first security sign of safe online payment. This HTTPs gives safeguard that the data is safe and exclusively restricted between you and the system.

2. Regular Update your Device – say goodbye to your outdated version, regularly update is an effective method to block the potential loopholes. These security feature will guarantee you with adequate protection from malware softwares that can risk you with frauds and other cyber theft activities.

3. Keep public Wi-fi away – shopping outdoors with public wifi could be harmful while making online payments transfer If you use it, you are unwittingly exposing yourself to cyber-theft.

4. Don’t Save sensitive data in your device – many of us have a habit to save our login credential in our mobile phone, of course this is good habit, but sometime it could be dangerous if your mobile is stolen or your password is hacked by someone. Stop this habit, because it the easiest way to expose your sensitive data to others. If the app you are using for payment has “store and forward” feature, turn it off.

Advance Online Banking Solutions for Online Businesses

Online Banking Payments and Easy, Quick, and Secure Transfer Solutions to Fuel Business Sales

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Online purchasing of goods and services is nowadays a popular trend and a convenient way to perform the buying activities. The consumers have no longer to visit shopping malls and stand in lines for money transfer, bill payments, tickets etc. with just one click and few keystrokes they get can get the goods and services right at their door steps. For online businesses, this is an advance solution to bring more sales and profits over the traditional methods of payment. This online payment processing is certainly something that every online business should take advantage of varied services offered by these online payment processing companies.

At Radiantpay we also provide reliable and secure payment processing system that can help you to process all your credit, debit and money transfer for online purchases. A fully designed set of services with various payment options to boost your sales and satisfy the wants of consumers regarding online payment transfer for the purchase they made. Online payment options indefinitely encourage the buyers as they can see your business is accepting credit cards and processing e-payments that are more convenient for them.

A range of services and opportunity offered by payment processing companies to make you and your customers comfortable with secure payment transfer via phone, e-mail, fax, and web portals. Looking for secure and advance online payment processing solutions call us on – 44 2081330322 and visit online at Radiantpay.com