For card-not-present transactions, requesting a card verification value, or CVV, at checkout is one method to guarantee credit card fraud protection and management. This three- or four- digit code serves as proof that the customer actually holds the physical card, keeping both the merchant and the customer safe by reducing the chance for fraud.
When used with other credit card fraud protection mechanisms, an address verification system (AVS) check validates address information of card-not-present customers. This secure process compares the billing address used in the transaction with the issuing bank’s address information on file for the cardholder. A full information validation is just one way that credit card fraud protection can be provided in card-not-present transactions.
Fraudsters continue their attempts to outsmart business owners, costing businesses hundreds, maybe thousands of dollars. To prevent this ongoing threat, you need a rules-based credit card fraud protection tool that can screen suspicious transaction activity. Stay one step ahead of fraud with solutions from PaymentHub.
Your merchant account matters as much to us as it does to you. Programs like Verifi and Ethoca not only limit chargebacks on your account, but also stop fraud from happening.
PaymentHub is an Authorized Reseller of Verifi’s award-winning Cardholder Dispute Resolution Network® (CDRN), which not only helps to protect your business by stopping chargebacks but also helps to boost transaction volume and your revenue.