Payment Security is one of the most important considerations for any business. Trading online has many benefits for your business, but it also brings with it the potential risk of card fraud and its associated costs.
Nochex provides its account holders with a range of anti-fraud solutions that should help you minimise your risk to fraud and reduce potential losses. And, we keep you up to date and supply you with security updates, such as the one here for Transport Layer Security version 1.2 (TLS 1.2), for secure payments.
Anti-fraud measures include:
As part of our continuous commitment to limit fraud, all transactions are checked using 3D Secure authentication. Nochex 3D Secure includes both Verified by Visa and MasterCard SecureCode checks. It is a kind of online version of ‘chip and pin’.
This means that the cardholder has a password registered with their bank that they input during the checkout process. Unlike other payment services Nochex makes no extra charge for providing our merchants with 3D Secure protection.
The Address Verification Service (AVS) and Card Verification Value or Card Verification Code (CVV2, CVC) check the authenticity of a transaction by comparing cardholder information that the shopper has entered during the payment process, with details held by the card issuer. Both services are available as standard to all of our merchants, at no extra cost.