Fraud Prevention

Electronic payments are a vital part of any business, and the introduction of credit card processing over the internet has increased the revenue stream for thousands of Australian businesses.  Allowing your products to be purchased worldwide gives your business greater exposure to potential customers, but also the potential to receive chargebacks from cardholders.

Camtech, in conjunction with its Acquiring Institutions and Card Associations have developed a secure payment solution, which allows businesses to transact on the Internet, through Wireless applications, Call Centre solutions & IVR applications in a secure manner.

Through our continual development and programming, we have built a solution that is compliant with Payment Card Industry standards. Our solutions also support all security features available through the Australian banking network, as well as third party tools that can be used to reduce the risk of accepting fraudulent transactions.

Please find information below about the additional features and tools support by our payment services.

CVV2/CVC
CVV2 checks are another method of trying to reduce fraudulent transactions, by ensuring that the purchaser of an item has the credit card in his/her possession when making an online purchase. This counters against people using a stolen/altered card number or a duplicate card - otherwise known as a counterfeit card.

The CVV is printed on the front or back of the card (depending on each credit/charge card). Since this number is not printed on receipts, it is virtually impossible to replicate accurately on counterfeit or altered plastic.

3D Secure Authentication
3D Secure Authentication is an online service designed to make Internet transactions safer by authenticating a cardholder’s identity at the time of purchase. Please click here for further information.

FraudGuard
FraudGurad is an anti-fraud tool that performs checks on customer and transaction details, and alerts merchants to possible fraudulent attempts. FraudGuard can be used as a standalone check, or can be performed as part of the transaction. Please send us an enquiry if you would like further information about this service.

Telephony Validation
During an on-line web purchase, a telephony validation system calls the shopper to associate them with an identifiable telephone number. Please refer to the URL below for further information about this service.

http://skunkworks.net.au/solutions/creditcardwashing

ECommerce Best Practices Document
http://www.visa-asia.com/ap/center/merchants/riskmgmt/includes/uploads/e_Commerce_Merchants_Best_Practices.pdf

Card Not Present Procedures Document
http://www.visa-asia.com/ap/center/merchants/riskmgmt/includes/uploads/Card_Not_Present_Merchant_Procedures.pdf