subject: Credit Card Processing Security You Can Count On [print this page] Any merchant accepting credit card payments is aware of numerous security issues involving the safety of their business and its consumers. There are two main aspects of credit card security for credit card processing: AVS and CVV. The AVS, or address verification service, is used to determine that the address provided by the customer matches the address on the credit card account. A credit card will be denied if the address is entered wrong. The CVV, or card verification value, refers to the three to four digit number found on the back of American Express, MasterCard, and Visa cards. Merchants can eliminate fraud by requiring the CVV code to complete a transaction. Even if the correct card holder enters the CVV card number incorrectly, the transaction will be declined.
If your business is going to accept credit cards, whether in-store or online, it is imperative that you provide your customers with a guarantee that youre protecting their credit card information. Veritrans Merchant Services is an industry leader that provides their clients an unwavering commitment to excellent and integrity in every aspect of credit card processing. They work closely with all types of card companies to ensure the most safe and secure transactions possible for all their clients and customers.
Here is a look at how each card company works with Veritrans to provide security to all their businesses.
The MasterCard SDP Program is designed to work with merchants to proactively protect the overall payment system against the threat of compromises. The SDP Program seeks to accomplish this by identifying vulnerabilities in security processes, procedures and website configurations. A key focus of the program is working with merchants and service providers to ensure securely stored MasterCard account data in accordance with the Payment Card Industry (PCI) Data Security Standard (DSS).
Since 2001, Visa has offered the Cardholder Information Security Program (CISP), which protects Visa card-holder data and ensures that members, merchants, and service providers maintain the highest information security standard. In accordance to the Payment Card Industry Data Security Standard, Visa manages all data security compliance enforcement and validation initiatives.
Discover is firmly committed to the PCI security standards as the industry data protection standards for the payment card industry. The Discover Information Security and Compliance (DISC) program was developed to implement and maintain efficient data security requirements and procedures for its constituents and promote the adoption of secure transaction processing of cardholder data on the Discover network.
American Express has a long-standing commitment to protect cardholder information, ensuring that it is kept safe. They address this threat by implementing the American Express Data Security Operating Policy to work with merchants, such as Veritrans, to help establish appropriate security programs. American Express is also a founding member of the PCI Security Standards Council.
It is crucial to your business and its customers that the credit card processing software you use for your business is secure by using a reputable processing company. As customer information moves throughout the transaction process, the security must be bullet-proof and a solid relationship with the card companies is essential.
Are you looking for a superior level of security and transparency with your credit card processing merchant? Call Veritrans for a free and confidential analysis of your current contract and fees. They will help you better understand your security and walk you through some costeffective card processing services solutions.
