{"id":4793,"date":"2011-07-14T17:43:00","date_gmt":"2011-07-14T17:43:00","guid":{"rendered":"https:\/\/evssolutions.com\/payment-processing-fraud-prevention\/"},"modified":"2023-04-19T17:04:18","modified_gmt":"2023-04-19T17:04:18","slug":"payment-processing-fraud-prevention","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/payment-processing-fraud-prevention\/","title":{"rendered":"Payment Processing Fraud Prevention"},"content":{"rendered":"<p>A payment processor is often a third-party company that<br \/>\nhandles credit card transactions; and nine times out of ten the company does<br \/>\nnot have the cardholder present. This can make <a href=\"https:\/\/www.electronicverificationsystems.com\/\">id verification<\/a> and <a href=\"https:\/\/www.electronicverificationsystems.com\/solutions\/\" title=\"fraud prevention\">fraud prevention<\/a><br \/>\na little trickier, so we have these suggestions to make your transactions safe.<\/p>\n<ul>\n<li>\n    Obtain<br \/>\nauthorization approvals for all transactions. The floor limit for all<br \/>\nnon-face-to-face transactions is zero and that means that you need to<br \/>\nreceive an authorization approval for every single one of them, regardless<br \/>\nof the transaction amount.<\/li>\n<li>Get<br \/>\nthe expiration date. Always have your customer to provide her card&#8217;s<br \/>\nexpiration date. This is used as a way to verify that the customer is in a<br \/>\nphysical possession of her card during the time of the transaction.<\/li>\n<li>Get<br \/>\nthe card security code. A person will not have access to this code unless<br \/>\nthey have physical possession of the card. While this will not completely<br \/>\neliminate fraudulent activity, it will deter it. Please note that you<br \/>\nshould never save card security cards in any of your systems  this is<br \/>\nforbidden by the Credit Card Networks and you will face penalties if<br \/>\ncaught.<\/li>\n<li>Use<br \/>\nthe <a href=\"https:\/\/www.electronicverificationsystems.com\/solutions\/identifraud\/\" title=\"Resident     Verification and History\">Resident     Verification and History<\/a>. This is a service we provide in our<br \/>\nIdentiFraud Consumer solution, where we verify the address is in fact<br \/>\noccupied by the person who says they are occupying it.<\/li>\n<\/ul>\n<ul style=\"list-style-type: disc;\"><\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A payment processor is often a third-party company that handles credit card transactions; and nine times out of ten the company does not have the cardholder present. This can make id verification and fraud prevention a little trickier, so we have these suggestions to make your transactions safe.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,35],"tags":[],"class_list":["post-4793","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention","category-identity-verification"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4793"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4793\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}