MERCHANT ACCOUNTS - Credit Card Processing with CVV/CVC.

Merchant Accounts: CVV / CVC

What is CVV or CVC and how it can help reduce chargebacks and fraud on your merchant account.

CVV is a new authentication procedure established by credit card companies to further efforts towards reducing fraud for internet, card not present and mail/phone transactions. It consists of requiring the merchant to enter the CVV number in during the authorization process to verify that the card is on hand.  The CVV code is a security feature for "card not present" transactions (e.g., Internet transactions), and now appears on most (but not all) major credit and debit cards. This new feature is a three- or four-digit code which provides a cryptographic check of the information embossed on the card, which is a great feature for merchants that accept credit cards online. Therefore, the CVV code is not part of the card number itself.  Merchant accounts and companies that do credit card processing without actually having the card should always verfiy the CVV/CVC.

The CVV code helps ascertain that the customer placing the order actually possesses the credit/debit card and that the card account is legitimate. Each credit card company has its own name for the CVV code, but it functions the same for all major card types. (VISA refers to the code as CVV2, MasterCard calls it CVC2, and American Express calls it CID.)

The back panel of most Visa/MasterCard cards contain the full 16-digit account number, followed by the CVV/CVC code. Some banks, though, only show the last four digits of the account number followed by the code. To aid in the prevention of fraudulent credit card use, we now require the 3 or 4 digit code on the back of your credit card. When you submit your credit card information your data is protected by Secure Socket Layer (SSL) technology certified by a digital certificate.

Merchant Accounts that process card not present transactions should always perform a CVV/CVC validation!

Compare and review multiple merchant accounts side-by-side to insure that your business has the lowest credit card processing costs available. Each merchant account provider is not able to see what the other merchant service providers are offering, so they are truly competing for merchant accounts competitively. There is no need to login and wait for offers. We will automatically email you each time you receive an offer. Once you get the email you can simply login, view merchant account offer details and compare online. No phone calls from commission based salespeople.

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