Remove CVV2 Remove Fraud Detection Remove Fraud Prevention
article thumbnail

What Is A Payment Service Provider (PSP)?

Nanonets

Fraud prevention: PSPs use various methods to prevent fraud, such as AVS and CVV2 checks. Do you need a PSP that can provide additional services such as fraud prevention or customer support? • Payment processing: The PSP will process online payments made by your customers.

article thumbnail

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

Seon

For example, SEON has velocity checks and velocity rules whose APIs can not only help you determine whether a VCC has been used but can also be adjusted in accordance with the VCC fraud patterns your organization may witness when monitoring transactions and user behaviors.