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Card Based Fraud Prevention – AVS, CardCheck/3-D Secure

In contrast to stationary business, customers are anonymous in online trading, and it is impossible to conduct the checks described above. That is why merchants need other methods to prevent fraud and minimise non-payment and logistics risks.

Address Verification Service AVS compares the address given by the customer during the order procedure with the data stored with the card issuer. This helps to reduce the number of non-payments and to lessen potential logistics risks during the goods delivery process.

With Card Check and 3-D Secure fraud can be successfully resisted and payment loss effectively minimized. Card Check verifies a card number's plausibility and existence, 3-D Secure verifies that the card is used by the correct owners - similar to the PIN entry at POS terminals.

Who needs Card Based Fraud Prevention?

Card Based Fraud Prevention addresses distance selling merchants from all over Europe, especially those who 

  • sell high priced goods and services.
  • deliver to foreign countries.
  • mainly address "one-time-shoppers".
Reasons to choose Card Based Fraud Prevention
  • AVS helps to prove that a card was used rightfully. The service helps not only to prevent non-payments, but also to save the resultant chargeback expenses and processing time.
  • AVS is an easy way to prevent merchandise losses resulting from logistics risks, in particular in international transactions.
  • AVS can be used independently from a payment transaction.
  • Card Check/3-D Secure emphasizes the deliberate handling of the merchant with highly sensitive customer data and increases customer confidence in cards payment cards at distance selling.
  • Card Check/3-D Secure proves that a card was used lawfully, and reduces payment losses and chargeback risks.
  • Card Check/3-D reliably protects risk industries and traders with international or "one-time customers."

For further information please download our factsheet [Address Verification Service (AVS)].

 
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