Carder
Professional
- Messages
- 2,620
- Reaction score
- 2,043
- Points
- 113
Since the customer is usually required to enter their personal details, such as:
- First Name
- Last Name
- Address
- City
- State/province
- Country
- ZIP/postal code
- Telephone number
- Card type
- Card number
- Customer's bank account (usually asked on Paypal, GoogleCheckout, YahooWallet when there's a fraud detection)
- Start Date (not common)
- Expired Date
- CVV/CVV2
- Card holder name
Then, he/she might be thinking that this part is important to be really safe.
Yes, to make customer feels safe while doing online transaction using credit card, the merchant has to provide a secure connection between the payment gateway to the merchant's acquiring bank.
This is to make sure that the data will not be intercepted by illegal guy on its way. On merchants (webshops) which are using theirs own payment gateway, usually the site use SSL (Secure Socket Layer) 128 bits, in an HTTPS site format.
On the other hand, most of merchants are not using HTTPS for theirs website, but third-party payment gateway will do this for processing the transaction later.
Due to high volume of online credit card fraud transaction recently, many merchants start to aware about this. They do such procedures to avoid charge-back from the bank.
These are all things that merchant/webshop administrator will (usually) do to prevent credit card fraud:
️Call the buyer based on cardholder's phone number filled
️Check the buyer's phone number with YellowPages/phone directory book
️Confront cardholder's real location againts buyer's IP address using GeoIP location tool
️If the shipping address differs with the billing address, then it might be suspicious order
️Shipping item to PO BOX usually not accepted by most merchant/webshop
️Order shipped to African, East Europe, Russia, and several Asia countries usually need to be confirmed via phone
️Order items in large volume sometimes be flagged as a high risk fraud
️Order items with urgency shipping time sometimes be flagged as a high risk fraud
etc..
While the payment processor gateway usually do check frequently count of the card being charged at the same payment processor gateway.
The result will then be used to make a decision whether the transaction is going to be approved or declined.
I think that's a little thing about credit card payment processing and its security.
WHAT IS AN INTEGRATED PAYMENT SYSTEM
With an integrated payment system, payments are entered directly into accounting software and applied to the general ledger or credited to an invoice. With integrated payment processing, businesses are able to process payments using a cloud-based payment gateway.
WHY USE PAYMENT INTEGRATION
Integrated payment systems provide a solution which automates payments making life easier for the user and the business.
Payment integration systems allow businesses to accept credit cards directly with their existing software.
Why it is important to choose the right payment integration system…
As a user for an app or website, it is essential to provide a smooth and efficient experience to ensure that they return as a customer.
Choosing the right system is highly important and has to fit well with our web app design.
Potential integrated payment systems
• Stripe
• PayPal Payments
• Amazon Pay
• Skrill
• Braintree
Above is a list of potential payment systems that we were considering as a group. They were the 5 best payment gateway systems so we wanted to make sure that we made the correct decision when finally agreeing on the system we would use.
Weighing up the pros and cons of each system made it easier for us to break down what would work best for our app.
? STRIPE ?
Payments accepted
• Visa
• Visa debit
• MasterCard
• American Express
• Discover
• JCB
• Diners Club
Stripe has direct integrations with a lot of major credit card networks which allows it to optimize the routing paths, provide granular data and reduce transaction latency when processing a purchase through a credit card.
It also automatically tests and runs multiple optimizations for every transaction to maximise acceptance rates. Transactions that have been declined are automatically retried through different connections.
Strip updates expired or renewed customer credit card automatically.
? SECURITY ?
Stripe protects customers against fraud with Radar, Radar is a machine-learning fraud system that trains on data across millions of global companies to help differentiate between fraudulent and legitimate purchase.
Also offering an additional layer of protection with 3D secure which prompts customers to complete a verification step before completing their purchase.
When charges are disputed, Strip provides an end-to-end automated dispute handling service that works directly with the card networks.
OVERALL ?
Stripes payment processing rates aren’t cheap, but it is more or less in line with its other competitors.
You are able to cancel at any time with no additional fee which is a big bonus for small time businesses such as start-ups.
Nearly every tool that is offered by Stripe can be tweaked to satisfy the businesses needs. The best benefit by far about Stripe it is a global payments solution.
While Stripe is based in the United States, they made sure their product could accept payments from anywhere in the world.
Stripe accepts so many different currencies and processes international payment methods.
? AMAZON PAY ?
Payments accepted
• Visa
• MasterCard
• American Express
• Visa Electron
• Delta
• Maestro
Amazon pay is a service that allows you to use the payment methods already associated with your Amazon account to make payments for goods, services and donations on third-party websites and apps.
It is easy to use and uses any of the payment methods on file in your Amazon account.
? SECURITY ?
Using a trusted brand such as Amazon pay puts potential shoppers as ease as Amazon already have a good reputation with customer experience and satisfaction.
Offering great services already, Amazon is an attractive solution to choosing a payment integration system. As a user, you do not have to enter any sensitive card information on the site and Amazon does not share password or payment information with third-party ecommerce merchants.
A big bonus is that most purchases made with Amazon pay are covered by Amazon’s A-Z Guarantee, which covers both the timely and delivery of the condition of an order that was places online.
Guys... We'll start from basics to advanced... please learn the payment system and gateways!!!
Carding is not a fraud, it's an Art!
- First Name
- Last Name
- Address
- City
- State/province
- Country
- ZIP/postal code
- Telephone number
- Card type
- Card number
- Customer's bank account (usually asked on Paypal, GoogleCheckout, YahooWallet when there's a fraud detection)
- Start Date (not common)
- Expired Date
- CVV/CVV2
- Card holder name
Then, he/she might be thinking that this part is important to be really safe.
Yes, to make customer feels safe while doing online transaction using credit card, the merchant has to provide a secure connection between the payment gateway to the merchant's acquiring bank.
This is to make sure that the data will not be intercepted by illegal guy on its way. On merchants (webshops) which are using theirs own payment gateway, usually the site use SSL (Secure Socket Layer) 128 bits, in an HTTPS site format.
On the other hand, most of merchants are not using HTTPS for theirs website, but third-party payment gateway will do this for processing the transaction later.
Due to high volume of online credit card fraud transaction recently, many merchants start to aware about this. They do such procedures to avoid charge-back from the bank.
These are all things that merchant/webshop administrator will (usually) do to prevent credit card fraud:
️Call the buyer based on cardholder's phone number filled️Check the buyer's phone number with YellowPages/phone directory book️Confront cardholder's real location againts buyer's IP address using GeoIP location tool️If the shipping address differs with the billing address, then it might be suspicious order️Shipping item to PO BOX usually not accepted by most merchant/webshop️Order shipped to African, East Europe, Russia, and several Asia countries usually need to be confirmed via phone️Order items in large volume sometimes be flagged as a high risk fraud️Order items with urgency shipping time sometimes be flagged as a high risk fraudetc..
While the payment processor gateway usually do check frequently count of the card being charged at the same payment processor gateway.
The result will then be used to make a decision whether the transaction is going to be approved or declined.
I think that's a little thing about credit card payment processing and its security.
WHAT IS AN INTEGRATED PAYMENT SYSTEM
With an integrated payment system, payments are entered directly into accounting software and applied to the general ledger or credited to an invoice. With integrated payment processing, businesses are able to process payments using a cloud-based payment gateway.
WHY USE PAYMENT INTEGRATION
Integrated payment systems provide a solution which automates payments making life easier for the user and the business.
Payment integration systems allow businesses to accept credit cards directly with their existing software.
Why it is important to choose the right payment integration system…
As a user for an app or website, it is essential to provide a smooth and efficient experience to ensure that they return as a customer.
Choosing the right system is highly important and has to fit well with our web app design.
Potential integrated payment systems
• Stripe
• PayPal Payments
• Amazon Pay
• Skrill
• Braintree
Above is a list of potential payment systems that we were considering as a group. They were the 5 best payment gateway systems so we wanted to make sure that we made the correct decision when finally agreeing on the system we would use.
Weighing up the pros and cons of each system made it easier for us to break down what would work best for our app.
? STRIPE ?
Payments accepted
• Visa
• Visa debit
• MasterCard
• American Express
• Discover
• JCB
• Diners Club
Stripe has direct integrations with a lot of major credit card networks which allows it to optimize the routing paths, provide granular data and reduce transaction latency when processing a purchase through a credit card.
It also automatically tests and runs multiple optimizations for every transaction to maximise acceptance rates. Transactions that have been declined are automatically retried through different connections.
Strip updates expired or renewed customer credit card automatically.
? SECURITY ?
Stripe protects customers against fraud with Radar, Radar is a machine-learning fraud system that trains on data across millions of global companies to help differentiate between fraudulent and legitimate purchase.
Also offering an additional layer of protection with 3D secure which prompts customers to complete a verification step before completing their purchase.
When charges are disputed, Strip provides an end-to-end automated dispute handling service that works directly with the card networks.
OVERALL ?
Stripes payment processing rates aren’t cheap, but it is more or less in line with its other competitors.
You are able to cancel at any time with no additional fee which is a big bonus for small time businesses such as start-ups.
Nearly every tool that is offered by Stripe can be tweaked to satisfy the businesses needs. The best benefit by far about Stripe it is a global payments solution.
While Stripe is based in the United States, they made sure their product could accept payments from anywhere in the world.
Stripe accepts so many different currencies and processes international payment methods.
? AMAZON PAY ?
Payments accepted
• Visa
• MasterCard
• American Express
• Visa Electron
• Delta
• Maestro
Amazon pay is a service that allows you to use the payment methods already associated with your Amazon account to make payments for goods, services and donations on third-party websites and apps.
It is easy to use and uses any of the payment methods on file in your Amazon account.
? SECURITY ?
Using a trusted brand such as Amazon pay puts potential shoppers as ease as Amazon already have a good reputation with customer experience and satisfaction.
Offering great services already, Amazon is an attractive solution to choosing a payment integration system. As a user, you do not have to enter any sensitive card information on the site and Amazon does not share password or payment information with third-party ecommerce merchants.
A big bonus is that most purchases made with Amazon pay are covered by Amazon’s A-Z Guarantee, which covers both the timely and delivery of the condition of an order that was places online.
Guys... We'll start from basics to advanced... please learn the payment system and gateways!!!
Carding is not a fraud, it's an Art!
