Minimising Fraud; Ccv Security Codes - PC-EFTPOS i5100 Operating Manual

10.0 MINIMISING FRAUD.

At BankSA, we take fraud seriously, and you
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should too.
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Fraud can cost your business significant
amounts of money. Certain types of merchants
– based on the types of goods sold – are more
prone to fraudulent transactions than others. We
believe it is essential for you to have a sound
CCV
understanding of credit card fraud, how it can be
detected and how it can be prevented.
Additional fraud prevention information is available on the banksa website at:
http://www.banksa.com.au/business/payment-solutions/

10.1 CCV Security Codes.

what is CCV?
The three or four digit value printed on a payment card, used to verify card-not-
present transactions.
CCV security codes are a way to lessen the risk of fraud and chargeback when the
cardholder is not physically present, or when a card cannot be inserted/swiped
successfully. In these cases you can key in the card number.
A CCV security code is printed on the card but does not appear on receipts. When
you key in the CCV code, a check is made that the code matches the card number.
This gives greater assurance that the customer is in possession of the card. CCV
codes are numbers of three or four digits, depending on the card type.
Note:
• Some cards do not have a CCV code.
• CCV (Card Check Value) is also known as CVV and CVC.
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PC-EFTPOS i5100 MERCHANT OPERATING GUIDE MINIMISING FRAUD