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Introducing
CVV2 - Free New Security Feature!
We are pleased to announce a
new enhancement to InternetSecure's industry leading fraud
detection capabilities to further reduce "Chargebacks".
This OPTIONAL security
feature, called "CVV2" for Visa and "CVC2"
for MasterCard provides another means to confirm that the
Cardholder is who they say they are.
Similar to a "PIN"
number, this program helps to ensure that the rightful cardholder
is entering his or her own credit card number when purchasing
from a website. It validates that the customer has the card
in his/her possession since the 3 digit (CVV2 or CVC2) number
is only visible, in print, on the back of their card. It
is not embossed on the card like the normal card number.
Your customers will be prompted
to enter their CVV2/CVC2 number and will be presented with
a graphical image to ensure they can find the number on their
card. If they enter a number that does not match, the transaction
is declined.
Interested? Contact
Merchant Services to activate this free option on your
account.
Questions? Contact
Credit and Risk to discuss how CVV2 might benefit your
business.
Are you only accepting ONE
Currency?
Contact us today about the value of adding Canadian and/or
US dollars to your credit card options!
Industry Reports of Security Breaches -
How does it impact your business?
Two reports of personal information security breaches have
received a great deal of media attention in recent weeks.
The first report was related to a missing hard drive in Western
Canada containing personal information on over 180,000 clients
of Co-operators Life Insurance Co. and Investors Group. The
second report, just out this week dealt with a "hacker"
that compromised the credit card numbers stored by a US-based
transaction processor.
This type of media coverage can
make your customers hesitant to provide their credit card
information to complete a purchase.
What Can You Do?
As an InternetSecure Merchant, you and your customers can
feel confident in the knowledge that:
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As the merchant, you never
have access to credit card numbers
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InternetSecure follows the
stringent Best Practices of the Visa Account Information
Security Program, which encompasses the highest level
of physical and technical security for customer data
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Card numbers are encrypted
and stored in such a way that it is not possible for hackers
or even physical theft to compromise cardholder information.
Be sure to have the InternetSecure
Certified Merchant Logo on your site and let your customers
know their personal information is secure!
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