Validating Credit Cards Archives - Prismpay Payment Gateway

Validating Credit Cards

Posted on February 19, 2018No Comments

Credit Cards Fraud Risks With fraud on the rise, online merchants face increasing risks. In card-not-present transactions, there are two basic levels of credit card validation used to validate that credit cards presented for payment actually belong to the person initiating the transaction. The first involves using the Luhn algorithm (also called the “Mod 10 Method […]

Tis the Season for Fraud – How Is Your Business Helping – Part 2

Posted on December 19, 2017No Comments

The sales associates at retail outlets following proper security guidelines is a good start to protecting against fraud this holiday season. But what if you are an online business, or the magnetic strip on a card does not work? In Part 1 of this topic, we talked about proper procedure for accepting cards in a card present […]