Data Security News
Card Payment processing is a highly regulated industry, which is to be expected since it deals with sensitive and private financial information. The goal of these regulations is to protect all parties involved in processing transactions — cardholders, merchants, acquirers and the issuing banks.
Elavon stays current and compliant with all applicable regulations. Our goal is to ensure you are aware of what is currently happening within the industry, in order to remain compliant. So please see below for latest news relating to Scheme Changes, Customers Updates and Data Security.
Data Security News
Card verification value no longer allowed on mail order formsElavon-GB-Keywords:elavon-news/Data-Security-News
To protect consumers and the payments network from potential data compromises, Visa mandated that merchants should not include Card Verification Value (CVV2) data in authorisations for mail order transactions effective from 21 April 2017.Full Article
Preparing your payment software for 3-D SecureElavon-GB-Keywords:elavon-news/Data-Security-News
3Ds enables consumers to authenticate themselves with their card issuer when making card-not-present (CNP) and mobile purchases. The additional security layer helps prevent unauthorized CNP transactions and protects the merchant from CNP exposure to fraud.Full Article
New Self-Assessment Questionnaire now available
Self-Assessment Questionnaires (SAQ) forms are used by some eligible merchants to report the results of a Payment Card Industry Data Security Standard (PCI DSS) self-assessment.Full Article
IATA Accredited travel agents compliance requirementsElavon-GB-Keywords:elavon-news/Data-Security-News
The travel industry has come under repeated and targeted attack from hackers who are increasingly finding opportunities to gain access to significant quantities of card payment data and personal information from customers.Full Article
Double Swiping no longer permitted
Do you double swipe your customers’ payment cards for fraud check, reward scheme or marketing purposes? You should stop immediately if you are still doing this process. Here’s why you shouldn’t.Full Article