Fraud Protection
Credit card fraud in online transactions is expected to cost businesses as much as $60 billion in 2005, according to research firm Financial Insights. Due to this problem Litle & Co has spent extensive time building systems and working with Merchants to fight fraud. As part of our best practices we would work to provide some of the following programs based on your companies needs.
Cardholder Verification
Forcing a cardholder to identify the non-embossed 3 digit code on the credit card with an issuer’s number on file. These programs are more commonly known as CVV2, CVC2 or CID.Card Authentication
Allows the cardholders account ownership to be verified during the online check out process. These programs are more commonly know as Visa’s Verified by Visa or MasterCard’s SecureCode products.Velocity Checking
Process that examines how often a name, address, phone number and card number have been used over a short period of time and the ability to look at patterns in small changes to customers details.Data Security Compliance
Assisting our clients in becoming compliant with Visa and MasterCard’s data security requirements or PCI compliance.