Solved

PCI Security Related: How to authenticate large credit card transactions?

Posted on 2011-02-14
3
399 Views
Last Modified: 2012-05-11
This one is a little off the beaten path for EE - but hey nothing ventured..

We take some very large credit card transactions over the phone for our services.  e.g. like $50,000 for a single transaction.  In order to authenticate the person we typically require the customer to fax in a copy of drivers license and the credit card.  I was hoping a security pro might be able to advise on another method of verifying that the customer is who they say they are and is authorized to use that particular credit card.  Thank you.
0
Comment
Question by:amigan_99
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
3 Comments
 
LVL 4

Accepted Solution

by:
RobertParten earned 250 total points
ID: 34890547
Have you checked with your Credit Card Processing company to see if they offer other mechanisms? A lot of banks offer a number to businesses that allows you to verify identity. Otherwise, I would check with your credit card processing company for further detail.
0
 
LVL 10

Assisted Solution

by:ChopperCentury
ChopperCentury earned 250 total points
ID: 34890698
Other than all the typical checks you would perform there is really no way to validate that the person ordering is the actual card holder. Even people who pass the AVS check and CVV code can still be fraudulant. With the volume of cash you are risking in the sale, you are being very dilligent with requiring a faxed DL. There will always be that one fraudster that gets by and when gambiling with those high transcations, you typically reflect to your organizational risk assessment for guidance.
0
 
LVL 1

Author Closing Comment

by:amigan_99
ID: 35010503
Thank you for the ideas.
0

Featured Post

When ransomware hits your clients, what do you do?

MSPs: Endpoint security isn’t enough to prevent ransomware.
As the impact and severity of crypto ransomware attacks has grown, Webroot has fought back, not just by building a next-gen endpoint solution capable of preventing ransomware attacks but also by being a thought leader.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

There is a lot to be said for protecting yourself and your accounts with 2 factor authentication.  I found to my own chagrin, that there is a big downside as well.
With the rising number of cyber attacks in recent years, keeping your personal data safe has become more important than ever. The tips outlined in this article will help you keep your identitfy safe.
The Email Laundry PDF encryption service allows companies to send confidential encrypted  emails to anybody. The PDF document can also contain attachments that are embedded in the encrypted PDF. The password is randomly generated by The Email Laundr…
This video Micro Tutorial shows how to password-protect PDF files with free software. Many software products can do this, such as Adobe Acrobat (but not Adobe Reader), Nuance PaperPort, and Nuance Power PDF, but they are not free products. This vide…

615 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question