As an online merchant accepting credit card payments, you have numerous security issues that you must be aware of for the safety of your business and your consumers. There are two major aspects of credit cards security that credit card processing requires, namely “AVS”, and “CVV”. Both allow credit card transactions to be completed anonymously over the internet, and any merchant accepting credit cards online should require both forms of information of your customers. The “AVS”, which is an address verification service, helps to verify that the customer’s address matches that of a credit card account. This provides confidence that the credit card owner is the person who entered the details. While credit card transactions are not subject to the AVS, the processor will send the response with details on how much the address is similar to the credit card. A credit card can only be approved if the correct address is entered. If you’re searching to learn more about unicc alternative, look at the mentioned above site.
The merchant is responsible for deciding what to do if the address does not match completely or not at all. You can refuse the sale, ask the buyer for additional information, or let them correct the address before you process the transaction. The “CVV”, which is also called the CVV-2 (or card verification value), is a 3 to 4 digit number on the back of MasterCard or Visa cards. It is located on the card but not on statements. Therefore, if someone finds a credit cards statement in the trash, they can’t complete any sale that requires the CVV Code for verification purposes. When a customer can enter the CVV code, it’s a strong indication that the customer has the credit card in hand, which increases the potential of the card belonging to the person attempting to use it to make a purchase online. The credit card issuer can decline transactions if a CVV code is entered that is incorrect. Most credit card fraud online happens when thieves steal a receipt or throw-away credit card statements. However, the merchant can prevent this type fraud by requiring the CVV Code.
Consider accepting credit cards online for payment of products or services you offer through your website. You must guarantee your customers that they are protecting their credit card information. Credit card processing usually requires that customers’ information be transferred approximately four times. This means that there are four possible ways for someone to gain access to cardholder’s data. When the customer sends you their credit card details via your web-based or checkout form. This stage of the credit-card transaction process is solely your responsibility. A secure server and a valid security certificate with the HTTPS protocol will protect and encrypt your customers’ private information. Use a trusted processing company to ensure your credit card processing software is secure. The transaction process involves customer data being moved into and out of databases. Security is crucial. Secure transactions can be made easier by using encrypted software from a trusted company. You must ensure security when credit card information of customers is seen or processed by your staff.