E-Commerce Times Talkback

Re: Invisible Cash: The Secret Life of Online Money
Posted by: Lou Hirsh 2002-04-10 09:44:09

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In the realm of e-commerce, credit cards rule. But the distant relationship between buyer
and merchant, combined with the anonymity enjoyed by potential wrongdoers, makes the
processing job tougher than it would be for a brick-and-mortar purchase. That is why
invisible investigators and bouncers are hard at work behind the scenes, ready to toss
out any transaction if a red flag is raised. These software secret agents are wary of
anything that looks out of the ordinary, and no deal goes down without their say-so.

Re: Invisible Cash: The Secret Life of Online Money
Posted by: sandell 2002-04-10 14:09:09 In reply to: Lou Hirsh

During this process the AVS and CVV2 numbers can also be checked at the issuer. If the card processor accepts AVS and CVV2
e.g. AVS - Address Verification Service: Will check the address of the cardholder with the credit card number.
CVV, CSC etc. - is the extra 3 or 4 digits on the card.