Online payment using credit card

Security concerns

1
Hacking
E-business…
 Ensure data security
 Verify user identity
 Verify credit card #
Steal a
2 credit card

3
Fake Credit
Card #
Players in e-payment
Authorization
Settlement
Chargeback
Fraud
 Visa’s suggestion for coping with fraud

• Verified-by-Visa
• Card verification value 2 (CVV2)
Visa’s suggestion for coping with fraud

2. Merchant
requests
verification
1. Click “buy”
online

3. “verified by Visa” screen

Automatically appears
on the cardholder’s PC

4. Enter password
to verify identity
Visa’s suggestion for coping with fraud
Even CVV2 can fail to protect, when…
Summary
Reduce payment
fraud in e-business

Correct Right Genuine No Honest

data user card misuse people

Verified-by- Internal Education,

Encryption CVV2
Visa Mgmt Police…

IT management General mgmt