The 3-D Secure™ protocol is used by Card Issuers to provide an additional layer of security for online payments by authenticating the cardholder at the time of a transaction. When a credit card is registered in the 3-D Secure program, the cardholder must provide a password each time they use their card at participating merchants. If the password they provide does not match the password on file at the Card Issuer (e.g., Visa), then the transaction is flagged - it has a higher probability of being fraudulent. You, the merchant, can then decide whether or not to proceed with the purchase. Authorizations that are authenticated using 3-D Secure are guaranteed against most common types of chargeback disputes.
When you select Paygea for all your transaction processing needs, you can also take advantage of 3-D Secure, with no additional integration required. To learn more about 3-D Secure and its benefits, visit the following links: Address Verification Service (AVS)
AVS is a first-defence tool in preventing fraud. AVS is a standard risk tool built into the processing network, and works by comparing the billing address supplied by the customer to the address kept on file by the Card Issuer. The instant verification provided by AVS is capable of stopping many attempts at credit card fraud. Additionally, this feature can be configured to your individual preferences, based on your tolerance for discrepancies in the information.
Card Verification Data (CVD)
The CVD value (also known as CVV2 or CVC2) is a 3- or 4-digit number printed on a credit card, but which is not present on the magnetic strip (see images below). Therefore, the value is not printed on receipts or statements, reducing the probability of fraud from imprint information. The CVD feature, intended specifically for transactions where a card is not present, is a requirement of the Paygea transaction processor. When an order is placed online, over the phone, or by mail, the customer is asked to provide the CVD value, which is then transmitted to the issuing bank along with the authorization. If the number does not match, there is a high probability of fraud and the transaction will be declined. We support the CVD feature wherever the issuing banks do.
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American Express |
Sophisticated Risk Management
Paygea offers some of the most sophisticated risk-management tools available in the industry. Powerful, reliable, and customizable, our tools are extremely effective in minimizing the risk of being victimized by fraud. Reducing fraud helps you avoid high chargeback rates, credit card association fines, and inventory losses. With Paygea as your payment processing and risk-management partner, you can focus on what you do best - running and growing your business.
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Transaction Screening System – The Paygea Transaction Screening System is composed of customizable filters that work together to evaluate transactions for indicators of fraud. The filters provide a robust and highly effective mechanism against fraudulent transactions. For example, a filter can be implemented which blocks transactions for which the IP address of the consumer (e.g., Canada) and the credit card number (e.g., Russian bank) don't match.
Transaction Filtering – The Paygea Rules Engine can be programmed to meet your specific order criteria. For example, you may want to accept orders only from customers in specific countries.
Fraud Detection Network – Paygea has the ability to plug into a third-party fraud-detection network to obtain a confidence rating for a transaction based on all information available for the particular credit card number.
Fraudulent Credit Card Database – Paygea maintains one of the largest databases of fraudulent credit cards in the processing industry. Any transactions using credit cards that are stored in this database are declined. In addition, the database has the ability to decline entire groups of credit card numbers that are related to a specific country or credit card issuer.
Transaction Monitoring – Our system continuously monitors transactions to look for suspicious activity, such as numerous repeat transactions on the same credit card or the presence of unusually high value orders. Any suspicious transaction is escalated to a fraud agent for investigation and if determined to be fraudulent, immediately reported to you so you can decide whether or not to accept the transaction.
