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What Is A Payment Service Provider (PSP)?

Nanonets

Payment processing: The PSP will process online payments made by your customers. • Fraud prevention: PSPs use various methods to prevent fraud, such as AVS and CVV2 checks. Stripe: Stripe is a popular payment gateway that focuses on developers and businesses looking for customizable payment solutions.

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Virtual Credit Card Fraud: Its Risks & How to Prevent it

Seon

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.