Use the Address Verification System (AVS) to Help Prevent Fraud
Payment systems have gotten much more complicated in the last 20 years. This will continue to happen as fraud prevention tools are becoming more sophisticated and complex. One fraud prevention tool that is important for all credit card transactions is AVS. AVS stands for Address Verification System. The card brands (Visa, MasterCard and Discover) require […]
Why Are EMV Cards More Secure Than Traditional Debit And Credit Cards?
EMV chip cards were originally conceived of by Europay, MasterCard and Visa. They are more secure than traditional debit and credit cards, because account information stored on cards is encrypted uniquely each time it is accessed. This makes it more difficult for potential perpetrators of fraud to pick up useful pieces of information. Traditional debit […]
