Credit Card Processing On The Internet
By Ted Roxan
So you have finally finished your e-commerce web site, hired
the best web publisher, added all the bells and whistles,
outstanding graphics, and great merchandise. Now, how does your
prospective customer pay you for your products? Clearly, it is
necessary for your site to accept, and process credit card
payments, in real time. Failure to do so, would result in a
failing enterprise.
Before you can begin the application process, there are several
standards that all credit card processors have set. Follow this
checklist and you will save yourself a significant amount of
time, and aggravation.
1) The checkout, and transaction pages must be secure. This
protects the customer from credit card, or identity fraud,
which has become epidemic. You achieve this “security” by
installing a secure socket layer certificate, or SSL. SSL
encrypts information being entered on your site as it is sent
across the Internet, so hackers are unable to steal the
transmitted information. This Certificate has become very
common, and any web host would be able to assist you.
2) A robust Shopping Cart software that utilizes the highest
degree of security, and is compatible with the credit card
processor. This program must be able to receive, and process
orders. Collect personal data, and securely transmit the credit
card data from software to the credit card processor. Most
importantly, the software should provide the building blocks
for a complete, successful customer experience.
3) Your server must have a firewall, especially if you plan on
storing the credit card information on your server. Basically,
a firewall is a combination of software, and hardware, that
inspects incoming data, and filters unwanted, or potentially
destructive packets of information. This firewall will not
allow hackers to enter your server, and steal sensitive
information.
When all these conditions have been met, you are ready to
contact your bank to open a credit card merchant’s account.
Once your account is opened, your bank will suggest a credit
card Gateway. A credit card Gateway receives the customer’s
credit card information from your web site, approves or
declines the charge, and ultimately transmits money to your
bank.
Although the process appears to be very complicated, it is
quite straightforward when you know what you are doing. Plan
ahead, avoid frustration, and provide your customers with an
easy, secure experience that will make them come back for more.
About the Author: Ted Roxan is a contributing editor of
Internet Credit Card Processing Resource. For more details on
Internet merchant accounts and Credit Card processors go to:
http://myinternet-credit-card-processing.com/
Source: http://www.isnare.com
Monday, April 30, 2007
Saturday, April 28, 2007
Credit Card Processing
Credit Card Machines
By Alan Jason Smith
Credit Cards Machines come in all shapes and styles. Credit
card machines come in a variety of price ranges, offering
enough choices that you can select exactly the model your
business would thrive with. Credit card machines are a must for
any business to succeed in today’s market. Credit card machines
tap into the most popular form of payment for products and
services: credit cards. Since the evolution of the atm card
into a debit card, credit card machines have developed many
talents. Credit card machines can run payments on a card as a
check, as a debt transaction straight from a checking account,
or as a credit card payment that a patron will pay at a later
date as decided by the credit card company.
Credit card machines offer the security of positive payment. A
credit card machine offers increased reliability, ensuring
money is in an account before your clients leave with product.
Money saved in bad check recovery more than makes up for the
cost of credit card machines. There are many different kinds of
credit card machines.
Some credit card machines tap into the credit system without a
printer. These terminals make sense for mail order or phone
order businesses. When a merchant does not need to issue a
receipt of sale at the time of the sale, the merchant can save
money by not buying a terminal-printer combo.
Credit card machines without a printer are the cheapest
machines, costing between two hundred and five hundred dollars.
Landscaping, locksmith, and plumbing businesses, businesses
where travel and on-site payment is required without immediate
access to a credit card terminal, all benefit from credit card
machines lacking printers.
Credit card machines that include a printer are the most common
form of credit card machine used in industry today. Printers on
credit card machines can be integrated impact or thermal. A
single unit dually functions to process the credit card
transaction and then to print a receipt. These machines can be
more expensive than those terminals without printers, but they
are reasonable and effective in medium volume retail. These
credit card machines range from under three hundred dollars to
nine hundred dollars. Additional options can be ordered, such
as a built in pin pad. These enable customers to enter their
pin number for debit transactions without the merchant needing
to purchase an additional machine. Some credit card machines
with built in printers require ink cartridges, but some do not.
While those that do not require ink cartridges may be slightly
more expensive they may save time and add efficiency to sales.
Wireless credit card machines provide the same functions of
general credit card machines with a few overwhelming
advantages. Wireless credit card machines do not require
separate wires to trip on. They do not require a separate phone
line. Wireless credit card machines access credit systems
faster, and provide faster turn around on sales. Wireless
credit card machines are more expensive and require wireless
service packages, but may be a must for high volume businesses.
They are effective and reliable, consisting of the most up to
date technology.
Regardless of the type of credit card machine you choose to
invest in, credit card machines can aide your business. Credit
card machines are a must for the twenty-first century and have
advanced to be more effective for you and for your customers.
About the Author: Alan Jason Smith is the owner of
http://www.creditcardspdq.com which is a great place to find
credit card links, resources and articles. For more information
go to: http://www.creditcardspdq.com
Source: http://www.isnare.com
By Alan Jason Smith
Credit Cards Machines come in all shapes and styles. Credit
card machines come in a variety of price ranges, offering
enough choices that you can select exactly the model your
business would thrive with. Credit card machines are a must for
any business to succeed in today’s market. Credit card machines
tap into the most popular form of payment for products and
services: credit cards. Since the evolution of the atm card
into a debit card, credit card machines have developed many
talents. Credit card machines can run payments on a card as a
check, as a debt transaction straight from a checking account,
or as a credit card payment that a patron will pay at a later
date as decided by the credit card company.
Credit card machines offer the security of positive payment. A
credit card machine offers increased reliability, ensuring
money is in an account before your clients leave with product.
Money saved in bad check recovery more than makes up for the
cost of credit card machines. There are many different kinds of
credit card machines.
Some credit card machines tap into the credit system without a
printer. These terminals make sense for mail order or phone
order businesses. When a merchant does not need to issue a
receipt of sale at the time of the sale, the merchant can save
money by not buying a terminal-printer combo.
Credit card machines without a printer are the cheapest
machines, costing between two hundred and five hundred dollars.
Landscaping, locksmith, and plumbing businesses, businesses
where travel and on-site payment is required without immediate
access to a credit card terminal, all benefit from credit card
machines lacking printers.
Credit card machines that include a printer are the most common
form of credit card machine used in industry today. Printers on
credit card machines can be integrated impact or thermal. A
single unit dually functions to process the credit card
transaction and then to print a receipt. These machines can be
more expensive than those terminals without printers, but they
are reasonable and effective in medium volume retail. These
credit card machines range from under three hundred dollars to
nine hundred dollars. Additional options can be ordered, such
as a built in pin pad. These enable customers to enter their
pin number for debit transactions without the merchant needing
to purchase an additional machine. Some credit card machines
with built in printers require ink cartridges, but some do not.
While those that do not require ink cartridges may be slightly
more expensive they may save time and add efficiency to sales.
Wireless credit card machines provide the same functions of
general credit card machines with a few overwhelming
advantages. Wireless credit card machines do not require
separate wires to trip on. They do not require a separate phone
line. Wireless credit card machines access credit systems
faster, and provide faster turn around on sales. Wireless
credit card machines are more expensive and require wireless
service packages, but may be a must for high volume businesses.
They are effective and reliable, consisting of the most up to
date technology.
Regardless of the type of credit card machine you choose to
invest in, credit card machines can aide your business. Credit
card machines are a must for the twenty-first century and have
advanced to be more effective for you and for your customers.
About the Author: Alan Jason Smith is the owner of
http://www.creditcardspdq.com which is a great place to find
credit card links, resources and articles. For more information
go to: http://www.creditcardspdq.com
Source: http://www.isnare.com
Friday, April 27, 2007
Credit Card Processing
Low Cost Credit Card Processing
By Thomas Morva
Low cost and efficient credit card processing is very important to the success of any online or offline business. Low cost credit card processing involves a cheaper means to accept credit card numbers, apply them to the merchant's account, and obtain payment from the creditor for the amount. A business?s success or failure depends on whether or not it accepts credit card orders.
Low cost credit card processing is indispensable to raise the profitability of your business. Many people waste considerable amounts of money on extravagant processing. Often, processing statements are so difficult to read that it is virtually impossible to estimate how much money you are actually paying. Low cost credit card processing helps you run a more successful business operation.
In the United States, the cost of credit card processing is about $10 to $20 (per month) in flat fees, plus a small percentage of your sales, known as a discount rate. The discount rate is as low as 1.69% for an offline business, while discount rate for mail order and online merchants is about 2.19%. Using a low cost credit card processing technique, the transaction fee averages only about 25 cents for all merchants.
Low cost credit card processing falls into three types. The first is using a virtual terminal that allows manual addition of mail. The second employs a simple integration technique that connects your website directly to the credit card and bank system. The third type uses an advanced mechanism for custom-linking your system to other more composite systems using a transaction gateway server.
Lots of card processing companies offer you reliable, low cost and comprehensive credit card processing. A reliable low cost credit card processing service uses modern encryption technology to ensure security.
Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva
http://EzineArticles.com/?Low-Cost-Credit-Card-Processing&id=353157
By Thomas Morva
Low cost and efficient credit card processing is very important to the success of any online or offline business. Low cost credit card processing involves a cheaper means to accept credit card numbers, apply them to the merchant's account, and obtain payment from the creditor for the amount. A business?s success or failure depends on whether or not it accepts credit card orders.
Low cost credit card processing is indispensable to raise the profitability of your business. Many people waste considerable amounts of money on extravagant processing. Often, processing statements are so difficult to read that it is virtually impossible to estimate how much money you are actually paying. Low cost credit card processing helps you run a more successful business operation.
In the United States, the cost of credit card processing is about $10 to $20 (per month) in flat fees, plus a small percentage of your sales, known as a discount rate. The discount rate is as low as 1.69% for an offline business, while discount rate for mail order and online merchants is about 2.19%. Using a low cost credit card processing technique, the transaction fee averages only about 25 cents for all merchants.
Low cost credit card processing falls into three types. The first is using a virtual terminal that allows manual addition of mail. The second employs a simple integration technique that connects your website directly to the credit card and bank system. The third type uses an advanced mechanism for custom-linking your system to other more composite systems using a transaction gateway server.
Lots of card processing companies offer you reliable, low cost and comprehensive credit card processing. A reliable low cost credit card processing service uses modern encryption technology to ensure security.
Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva
http://EzineArticles.com/?Low-Cost-Credit-Card-Processing&id=353157
Wednesday, April 25, 2007
Credit Card Processing
Low Cost Credit Card Processing
By Thomas Morva
Low cost and efficient credit card processing is very important to the success of any online or offline business. Low cost credit card processing involves a cheaper means to accept credit card numbers, apply them to the merchant's account, and obtain payment from the creditor for the amount. A business?s success or failure depends on whether or not it accepts credit card orders.
Low cost credit card processing is indispensable to raise the profitability of your business. Many people waste considerable amounts of money on extravagant processing. Often, processing statements are so difficult to read that it is virtually impossible to estimate how much money you are actually paying. Low cost credit card processing helps you run a more successful business operation.
In the United States, the cost of credit card processing is about $10 to $20 (per month) in flat fees, plus a small percentage of your sales, known as a discount rate. The discount rate is as low as 1.69% for an offline business, while discount rate for mail order and online merchants is about 2.19%. Using a low cost credit card processing technique, the transaction fee averages only about 25 cents for all merchants.
Low cost credit card processing falls into three types. The first is using a virtual terminal that allows manual addition of mail. The second employs a simple integration technique that connects your website directly to the credit card and bank system. The third type uses an advanced mechanism for custom-linking your system to other more composite systems using a transaction gateway server.
Lots of card processing companies offer you reliable, low cost and comprehensive credit card processing. A reliable low cost credit card processing service uses modern encryption technology to ensure security.
Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva
http://EzineArticles.com/?Low-Cost-Credit-Card-Processing&id=353157
By Thomas Morva
Low cost and efficient credit card processing is very important to the success of any online or offline business. Low cost credit card processing involves a cheaper means to accept credit card numbers, apply them to the merchant's account, and obtain payment from the creditor for the amount. A business?s success or failure depends on whether or not it accepts credit card orders.
Low cost credit card processing is indispensable to raise the profitability of your business. Many people waste considerable amounts of money on extravagant processing. Often, processing statements are so difficult to read that it is virtually impossible to estimate how much money you are actually paying. Low cost credit card processing helps you run a more successful business operation.
In the United States, the cost of credit card processing is about $10 to $20 (per month) in flat fees, plus a small percentage of your sales, known as a discount rate. The discount rate is as low as 1.69% for an offline business, while discount rate for mail order and online merchants is about 2.19%. Using a low cost credit card processing technique, the transaction fee averages only about 25 cents for all merchants.
Low cost credit card processing falls into three types. The first is using a virtual terminal that allows manual addition of mail. The second employs a simple integration technique that connects your website directly to the credit card and bank system. The third type uses an advanced mechanism for custom-linking your system to other more composite systems using a transaction gateway server.
Lots of card processing companies offer you reliable, low cost and comprehensive credit card processing. A reliable low cost credit card processing service uses modern encryption technology to ensure security.
Credit Card Processing provides detailed information on Credit Card Processing, Online Credit Card Processing, Credit Card Processing Software, Wireless Credit Card Processing and more. Credit Card Processing is affiliated with Wireless Credit Card Terminals.
Article Source: http://EzineArticles.com/?expert=Thomas_Morva
http://EzineArticles.com/?Low-Cost-Credit-Card-Processing&id=353157
Tuesday, April 17, 2007
Credit Card Processing
Business Credit Card Processing - The Benifits
By Shane Penrod
In developing a personal, home-based, or small community
business, you may find that it will grow to the point that
informal transactions are no longer advisable – this is where
business credit card processing comes into the picture. You
will need to upgrade your operational methods in order to
provide customers with the highest quality of doing business
with your company, which will undoubtedly include the benefits
of business credit card processing.
Some merchants prefer to keep accounts on a cash-only basis.
They believe that money transactions can be handled more
quickly and accurately than business credit card processing.
However, what they do not take into account is the amount of
manual labor and the potential for human error that typically
accompany cash transactions. That is why, as your business
grows, it may be time to invest in a credit card processing
system.
Inexpensive and easy to operate, a business credit card
processing program will attract customers who enjoy the ease of
doing business with your organization. They will not need to
bring in the right amount of cash or worry about overspending.
Instead, they can shop for your products and services with an
easy mind, knowing that you will provide the convenience of a
credit card payment system. Whether you sell used books or
handmade baby clothes, a credit card payment option generally
attracts more clients who are willing to spend more than the
person who operates on a cash basis.
Wherever your business is headed, the going may be slow unless
you decide to grow your operation with business credit card
processing. Low monthly or per-transaction fees make this
equipment upgrade very affordable, even to merchants who are
still building a relatively small business. For example, some
companies require a small monthly gateway fee of perhaps $20 to
$25 or so in addition to a small rate per customer credit card
transaction. You may have the choice of paying perhaps 1.5% or
1.75% or 15 to 25 cents for each swipe of the card. Some
companies don’t even charge installation fees. A simply monthly
statement reflects the amount of business your new system is
bringing to the company. If after a few months you feel the
program doesn’t work well for your operation, you can always
stop using it and go back to the old way of doing things.
You can set up a retail credit card processing program using a
swiped card method of processing payments. Or you can use MOTO
for mainstream commerce. There is even an e-commerce option
when you are ready for the next step. Most systems are
compatible with numerous quality banking platforms for safe,
easy processing. It is important to work with a credit card
processing company that you can trust. Find one with a solid
reputation for quality business dealings. Get in touch with
staff members to ask questions and learn more about the
equipment, service and maintenance, as well as possible
benefits and problems with a credit card processor. Only then
should you consider signing a contract for the valuable and
exciting services provided by a business credit card processing
program.
About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
By Shane Penrod
In developing a personal, home-based, or small community
business, you may find that it will grow to the point that
informal transactions are no longer advisable – this is where
business credit card processing comes into the picture. You
will need to upgrade your operational methods in order to
provide customers with the highest quality of doing business
with your company, which will undoubtedly include the benefits
of business credit card processing.
Some merchants prefer to keep accounts on a cash-only basis.
They believe that money transactions can be handled more
quickly and accurately than business credit card processing.
However, what they do not take into account is the amount of
manual labor and the potential for human error that typically
accompany cash transactions. That is why, as your business
grows, it may be time to invest in a credit card processing
system.
Inexpensive and easy to operate, a business credit card
processing program will attract customers who enjoy the ease of
doing business with your organization. They will not need to
bring in the right amount of cash or worry about overspending.
Instead, they can shop for your products and services with an
easy mind, knowing that you will provide the convenience of a
credit card payment system. Whether you sell used books or
handmade baby clothes, a credit card payment option generally
attracts more clients who are willing to spend more than the
person who operates on a cash basis.
Wherever your business is headed, the going may be slow unless
you decide to grow your operation with business credit card
processing. Low monthly or per-transaction fees make this
equipment upgrade very affordable, even to merchants who are
still building a relatively small business. For example, some
companies require a small monthly gateway fee of perhaps $20 to
$25 or so in addition to a small rate per customer credit card
transaction. You may have the choice of paying perhaps 1.5% or
1.75% or 15 to 25 cents for each swipe of the card. Some
companies don’t even charge installation fees. A simply monthly
statement reflects the amount of business your new system is
bringing to the company. If after a few months you feel the
program doesn’t work well for your operation, you can always
stop using it and go back to the old way of doing things.
You can set up a retail credit card processing program using a
swiped card method of processing payments. Or you can use MOTO
for mainstream commerce. There is even an e-commerce option
when you are ready for the next step. Most systems are
compatible with numerous quality banking platforms for safe,
easy processing. It is important to work with a credit card
processing company that you can trust. Find one with a solid
reputation for quality business dealings. Get in touch with
staff members to ask questions and learn more about the
equipment, service and maintenance, as well as possible
benefits and problems with a credit card processor. Only then
should you consider signing a contract for the valuable and
exciting services provided by a business credit card processing
program.
About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
Monday, April 16, 2007
Credit Card Processing
Credit Card Processing Security Concerns
By Debbie Dragon
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. At this time, there are two main aspects of credit card security for credit card processing, including “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.
Address Verification Service
The “AVS”, or address verification service, is used to determine that the address provided by a customer matches the address associated with a credit card account. This helps generate confidence that the person who is entering the credit card details is the person who owns it. While the AVS is not required to process credit card transactions, when it is provided the transaction processor will send a response back with details of how much of the address provided matches the address on the credit card.
A credit card will not be denied if the address is entered wrong, it is up to the merchant to decide what to do if the address only matches partially or not at all. You can deny the sale, or require the buyer submit additional information, or give them the opportunity to correct the address information, before processing the transaction.
Card Verification Value
The “CVV”, or card verification value, sometimes referred to as the CVV-2 is a three to four digit number found on the back of American Express, MasterCard and Visa cards. It’s on the card but not on any statements, so that if an individual has found a credit card statement in the trash, they aren’t able to complete a sale that requires the CVV code for verification purposes. When a customer is able to 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 who is attempting to use it to make a purchase online.
Most credit card fraud online occurs when a thief has found a discarded receipt or a thrown out credit card statement, but by requiring the CVV code, the merchant can eliminate that type of fraud.
If a CVV number is entered and is incorrect, the transaction will be declined by the credit card issuer.
Providing Consumers with Top Security
If you are going to accept credit cards online for payment for products or services offered through your website, it’s imperative that you provide your customers with a guarantee that you’re protecting their credit card information.
Credit card processing typically requires that the customer’s information is transferred about four times, which means there are four instances when someone could gain access to the cardholder’s details.
When a customer first sends the credit card information to you via your checkout or web based form. You are solely responsible for security as the internet merchant, at this stage in the credit card transaction process. Having a secure server and a valid security certificate with the https protocol will protect and encrypt private information you receive from customers.
You will want to be sure that the credit card transaction processing software you use for your business is secure by using a reputable processing company.
As customer information is moved in and out of a database through the transaction process, the security must be top of the line- and this is ensured by choosing a solid company that offers encrypted software for this part of the process.
Finally, when customer credit card information is viewed or handled by you or your staff, it’s important that you ensure security at this stage as well.
This article has been provided by Creditor Web. Creditor Web has the articles and other credit card processing resources to help you choose the right provider.
Article Source: http://EzineArticles.com/?expert=Debbie_Dragon
http://EzineArticles.com/?Credit-Card-Processing-Security-Concerns&id=520555
By Debbie Dragon
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. At this time, there are two main aspects of credit card security for credit card processing, including “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.
Address Verification Service
The “AVS”, or address verification service, is used to determine that the address provided by a customer matches the address associated with a credit card account. This helps generate confidence that the person who is entering the credit card details is the person who owns it. While the AVS is not required to process credit card transactions, when it is provided the transaction processor will send a response back with details of how much of the address provided matches the address on the credit card.
A credit card will not be denied if the address is entered wrong, it is up to the merchant to decide what to do if the address only matches partially or not at all. You can deny the sale, or require the buyer submit additional information, or give them the opportunity to correct the address information, before processing the transaction.
Card Verification Value
The “CVV”, or card verification value, sometimes referred to as the CVV-2 is a three to four digit number found on the back of American Express, MasterCard and Visa cards. It’s on the card but not on any statements, so that if an individual has found a credit card statement in the trash, they aren’t able to complete a sale that requires the CVV code for verification purposes. When a customer is able to 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 who is attempting to use it to make a purchase online.
Most credit card fraud online occurs when a thief has found a discarded receipt or a thrown out credit card statement, but by requiring the CVV code, the merchant can eliminate that type of fraud.
If a CVV number is entered and is incorrect, the transaction will be declined by the credit card issuer.
Providing Consumers with Top Security
If you are going to accept credit cards online for payment for products or services offered through your website, it’s imperative that you provide your customers with a guarantee that you’re protecting their credit card information.
Credit card processing typically requires that the customer’s information is transferred about four times, which means there are four instances when someone could gain access to the cardholder’s details.
When a customer first sends the credit card information to you via your checkout or web based form. You are solely responsible for security as the internet merchant, at this stage in the credit card transaction process. Having a secure server and a valid security certificate with the https protocol will protect and encrypt private information you receive from customers.
You will want to be sure that the credit card transaction processing software you use for your business is secure by using a reputable processing company.
As customer information is moved in and out of a database through the transaction process, the security must be top of the line- and this is ensured by choosing a solid company that offers encrypted software for this part of the process.
Finally, when customer credit card information is viewed or handled by you or your staff, it’s important that you ensure security at this stage as well.
This article has been provided by Creditor Web. Creditor Web has the articles and other credit card processing resources to help you choose the right provider.
Article Source: http://EzineArticles.com/?expert=Debbie_Dragon
http://EzineArticles.com/?Credit-Card-Processing-Security-Concerns&id=520555
Saturday, April 14, 2007
Credit Card Processing
Credit Card Processing Security Concerns
By Debbie Dragon
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. At this time, there are two main aspects of credit card security for credit card processing, including “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.
Address Verification Service
The “AVS”, or address verification service, is used to determine that the address provided by a customer matches the address associated with a credit card account. This helps generate confidence that the person who is entering the credit card details is the person who owns it. While the AVS is not required to process credit card transactions, when it is provided the transaction processor will send a response back with details of how much of the address provided matches the address on the credit card.
A credit card will not be denied if the address is entered wrong, it is up to the merchant to decide what to do if the address only matches partially or not at all. You can deny the sale, or require the buyer submit additional information, or give them the opportunity to correct the address information, before processing the transaction.
Card Verification Value
The “CVV”, or card verification value, sometimes referred to as the CVV-2 is a three to four digit number found on the back of American Express, MasterCard and Visa cards. It’s on the card but not on any statements, so that if an individual has found a credit card statement in the trash, they aren’t able to complete a sale that requires the CVV code for verification purposes. When a customer is able to 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 who is attempting to use it to make a purchase online.
Most credit card fraud online occurs when a thief has found a discarded receipt or a thrown out credit card statement, but by requiring the CVV code, the merchant can eliminate that type of fraud.
If a CVV number is entered and is incorrect, the transaction will be declined by the credit card issuer.
Providing Consumers with Top Security
If you are going to accept credit cards online for payment for products or services offered through your website, it’s imperative that you provide your customers with a guarantee that you’re protecting their credit card information.
Credit card processing typically requires that the customer’s information is transferred about four times, which means there are four instances when someone could gain access to the cardholder’s details.
When a customer first sends the credit card information to you via your checkout or web based form. You are solely responsible for security as the internet merchant, at this stage in the credit card transaction process. Having a secure server and a valid security certificate with the https protocol will protect and encrypt private information you receive from customers.
You will want to be sure that the credit card transaction processing software you use for your business is secure by using a reputable processing company.
As customer information is moved in and out of a database through the transaction process, the security must be top of the line- and this is ensured by choosing a solid company that offers encrypted software for this part of the process.
Finally, when customer credit card information is viewed or handled by you or your staff, it’s important that you ensure security at this stage as well.
This article has been provided by Creditor Web. Creditor Web has the articles and other credit card processing resources to help you choose the right provider.
Article Source: http://EzineArticles.com/?expert=Debbie_Dragon
http://EzineArticles.com/?Credit-Card-Processing-Security-Concerns&id=520555
By Debbie Dragon
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. At this time, there are two main aspects of credit card security for credit card processing, including “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.
Address Verification Service
The “AVS”, or address verification service, is used to determine that the address provided by a customer matches the address associated with a credit card account. This helps generate confidence that the person who is entering the credit card details is the person who owns it. While the AVS is not required to process credit card transactions, when it is provided the transaction processor will send a response back with details of how much of the address provided matches the address on the credit card.
A credit card will not be denied if the address is entered wrong, it is up to the merchant to decide what to do if the address only matches partially or not at all. You can deny the sale, or require the buyer submit additional information, or give them the opportunity to correct the address information, before processing the transaction.
Card Verification Value
The “CVV”, or card verification value, sometimes referred to as the CVV-2 is a three to four digit number found on the back of American Express, MasterCard and Visa cards. It’s on the card but not on any statements, so that if an individual has found a credit card statement in the trash, they aren’t able to complete a sale that requires the CVV code for verification purposes. When a customer is able to 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 who is attempting to use it to make a purchase online.
Most credit card fraud online occurs when a thief has found a discarded receipt or a thrown out credit card statement, but by requiring the CVV code, the merchant can eliminate that type of fraud.
If a CVV number is entered and is incorrect, the transaction will be declined by the credit card issuer.
Providing Consumers with Top Security
If you are going to accept credit cards online for payment for products or services offered through your website, it’s imperative that you provide your customers with a guarantee that you’re protecting their credit card information.
Credit card processing typically requires that the customer’s information is transferred about four times, which means there are four instances when someone could gain access to the cardholder’s details.
When a customer first sends the credit card information to you via your checkout or web based form. You are solely responsible for security as the internet merchant, at this stage in the credit card transaction process. Having a secure server and a valid security certificate with the https protocol will protect and encrypt private information you receive from customers.
You will want to be sure that the credit card transaction processing software you use for your business is secure by using a reputable processing company.
As customer information is moved in and out of a database through the transaction process, the security must be top of the line- and this is ensured by choosing a solid company that offers encrypted software for this part of the process.
Finally, when customer credit card information is viewed or handled by you or your staff, it’s important that you ensure security at this stage as well.
This article has been provided by Creditor Web. Creditor Web has the articles and other credit card processing resources to help you choose the right provider.
Article Source: http://EzineArticles.com/?expert=Debbie_Dragon
http://EzineArticles.com/?Credit-Card-Processing-Security-Concerns&id=520555
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