Credit card fraud is a growing problem for many online businesses and often results in loss of revenue, decreased productivity, and incurred penalties. To help reduce fraud in the card-not-present environment, Intechnic Corporation offers extensive prevention services and solutions targeted at protecting your business against fraudulent purchases. We also protect your customers by implementing state-of-the-art security measures and safeguarding their privacy.
Card Verification Value (CVV2)
CVV2 (Card Verification Value) is an important security feature for credit card transactions over the Internet. Verifying the CVV2 number at the moment of credit card authorization enhances fraud protection and helps to verify two factors: 1) that the customer actually has the credit card in their possession; and 2) that the credit card number is legitimate.
Address Verification Systems (AVS)
AVS is a service in which a merchant can verify a credit card holder's address with the issuing bank. Address Verification is recommended by all major issuing banks for all credit cards processed over the Web. Intechnic Corporation can integrate AVS to verify the supplied billing address information with the credit card’s issuing bank via the payment gateway.
Geographical Location Checking
Intechnic can help reduce fraud by integrating geographical location analysis directly into your shopping cart, analyzing the location of the originating purchase, and comparing it to the billing address of the credit card instantly. Orders from high risk countries and from customers with anonymous e-mail addresses can then be further analyzed to verify their validity.
Advanced Fraud Detection
Intechnic Corporation also offers additional credit card verification services and scoring models to minimize fraudulent transactions in certain environments. These services include Issuing Bank BIN Number matching (verifying issuing bank name and number), anonymous proxy detection, velocity filters, purchasing pattern analysis, IP address blocking, and others. If your online purchasing environment requires advanced protection, Intechnic has the experience and capability to deliver the highest level.