Are You Concerned about the Security of Credit Card Processing? | credit card processing online
Thursday, November 13th, 2008
Online security is always an issue when accepting credit card payments. Credit card processing online has 2 main aspects of security including AVS (address or location service) and CVV (card verification value). These both allow transactions to be completed by anonymously over the Internet. Merchants that accept credit cards online are required to use one of these forms of information from their customers.
AVS is used to determine that the correct address associated with the credit card was provided by the customer. This generates a level of confidence that the person who is using the credit card is a person who owns it. The transaction processor sends a response with details concerning the address. The merchant must decide if the address matches enough to authorize the card. You can request additional information or give the customer an opportunity to correct the address before processing the transaction.
The CVV or CVV-2 is a 3-4 digit number on the back of the credit card. This code also increases the level of confidence that the person who is making a purchase is the owner of the card. Without this number, no purchase is possible. This is the code it is best to use because it can only be found on the back of a credit card.
You will need to gear and he your customers that you are protecting their credit card information when you accept credit cards online for payment of products or services. Retail merchant account credit card processing typically requires a customer’s information be transferred around 4 times. That allows someone access to the cardholder’s details 4 separate times. Remember, you are the only one responsible for the security over the Internet at this point in the transaction process. A secure server and a valid security certificate with the https protocol will protect and encrypt the information you receive from customers.
Combined with retail merchant accounts, credit card processing can be made even easier with a reputable processing company. You should make sure that they software you use for processing transactions is secure. During the transaction process customer, information is moved in and out of a database and the security needs to be the best. A repeatable processing company will make sure that you have top-of-the-line in corporate software for this process.
The final stage of the credit card processing is when the information is viewed and/or handled by you or your staff. You need to make sure that security is upheld at this stage as well.





