Card Security
At Elavon, we want to help you maintain and comply with the highest security standards available in the industry to keep your business safe and protect your cardholders’ valuable information. As such, we are fully compliant with the PCI Security Standard Council's DSS - a multifaceted and rigorous security standard – and are accredited by Visa and MasterCard's own compliance standards. We have specialists working to meet the highest security standards our industry demands, and who are dedicated to fighting card fraud.
We offer the highest level of security protocols and processors to help combat fraud, but merchants are the frontline of defense when it comes to fraud. There are a number of things you can do to maximise the security of payments and keep fraudsters at bay.
Security for card not present transactions
Fraud is a risk when you cannot see either the card or the cardholder, but the credit card industry developed several methods in order to reduce the risk of fraud.
Security code
Credit card holders who order via telephone, mail, fax or on the internet need to have their credit card number, the expiry date handy – and in addition the security code on the back side of the card (MasterCard security code CVC2 / Visa security code CVV2).
This additional safety feature ensures that the credit card is held by the buyer in order to reduce the usage of stolen or counterfeit cards. The security code is neither embossed on the front site of the credit card nor does the magnetic stripe contain the information.
