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A secure payment processing provider for Sage 100 will also give merchants access to frauddetection and prevention tools, 3D Secure, chargeback management, and more. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.
The addressverificationsystem (AVS) is a security tool that verifies the billing address provided by the customer with the address on file with the credit card company. AVS helps identify fraudulent transactions to ensure only valid transactions are processed.
This is most likely due to the EU requiring that businesses adopt SCA tools like 3DS to authenticate transactions for digital payments. In this case, both the cardholder and the merchant are victims of Fraud. Source: Ethoca As can be seen in the graph below, Europe’s future chargeback volumes are expected to be relatively stable.
AddressVerificationSystem (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. F FraudDetection The process of identifying and preventing fraudulent transactions.
It’s also important to choose a payment gateway that offers advanced security features like tokenization and frauddetection. Tools such as AddressVerificationSystem (AVS) and CVV checks help to prevent fraudulent chargebacks by ensuring that the cardholder’s provided details are authentic.
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