IBill new scrubbing policy - GoFuckYourself.com

Master_Yoba · 05-04-2003, 04:20 PM

From CMI:

CVV2 Implementation

As part of our ongoing effort to communicate business-critical issues to you, we feel it necessary to notify you of the following:

We have communicated to you the importance of taking all available measures at our disposal to reduce fraudulent online transactions. Despite greater attention and resources allocated to the issue, the number of fraudulent transactions in the online industry continues to rise. This results in a higher number of chargebacks, a reduction in the quality of transactions and reduced revenues to you.

In an effort to reduce fraud, and the resulting chargebacks, to the lowest possible levels, we are instituting a CVV2 (Card Verification Value 2) requirement as part of the sign-up procedure for online transactions. This requirement will now apply to domestic transactions charged to a VISA card and will be incorporated into the purchase process early in the week of May 5, 2003. This requirement is already in place on all international and MasterCard transactions. CVV2 verification utilizes a unique encrypted 3-digit value that is encoded in the magnetic stripe and printed on the back of a card. It is used as an additional means of cardholder verification during the authorization process.

Given that CVV2 information will now be a required field during the sign-up process, a missing or incorrect value will result in a declined transaction. It is therefore possible that you may experience a higher decline rate after this requirement is implemented. It is our belief that most of these declines are fraudulent in nature and will result in fewer chargebacks, reduced chargeback-associated costs and greater control before you grant access to your content.

Fraudulent credit card charges is an issue that has a negative impact on the entire industry. iBill has been an industry leader in its anti-fraud efforts and will continue to resource this effort to the highest possible degree. Our goals remain consistent with yours related to this issue: less fraudulent transactions and a reduction in the number of chargebacks and the resulting revenue loss that accompanies them. Should you have any questions regarding this notice, please contact our client service department at 800.764.4266 (US) or 954.363.4931(International). Thank you for the confidence you?ve shown us as your processor. We appreciate your business.

End of original text

No one new signup since May 1st for us? Only rebills.
WTF with new IBill scrubbing policy?

Shoplifter · 05-04-2003, 05:11 PM

My understanding is that this is starting tomorrow for USA source cards. Is this correct?

Considering there are almost no cards still in circulation that don't have a CVV2 I don't see this being an issue.

But I wonder what else is going to happen along with this...I find it a little unsettling that they mention there may be a greater decline rate. My sites have very very little fraud as it is, and I hope they don't penalize us and others by tightening the scrub along with implementing CVV2. The reason that I and most others have stayed with Ibill is that they currently have the best scrub in the business.

One thing I have been hearing from my clients is an increasing incidence of them getting "incorrect IP" declines when trying to join. It looks like they are geo checking IP's during signup, but their database is faulty.

I haven't noticed anything unusual since May 1 though.

WiredGuy · 05-04-2003, 05:26 PM

Have the other processors (epoch, ccbill, jettis) been CVV2 verification for domestic visa's?

WG

The Other Steve · 05-04-2003, 06:49 PM

I think CCBill have had it in place since sometime last year. We moved on from CCBill when the Visa regs changed and I'm sure the CV2 number field was appearing on our sign-up page for some months before that.

NETbilling · 05-04-2003, 09:04 PM

We offer CCV2 at the merchant's discretion. They can chosse to have it a reqired field, optional field, or not at all. Conversions are definitelty worse with CVV2 enforcement, but the fraud is less too.

I recommend it as an optional field, unless the merchant is getting a high rate of ccrd fraud.

Mitch

chupacabra · 05-04-2003, 09:19 PM

Quote:

This requirement will now apply to domestic transactions charged to a VISA card and will be incorporated into the purchase process early in the week of May 5, 2003.

hmm... i think i received an email from ccBill a few days ago stating that they were launching their new java-based web admin system on the 5th as well... any correlation here, or just a coincidence..?

05-04-2003, 04:20 PM	#1
Master_Yoba Confirmed User Join Date: Jul 2002 Location: Dagobah Posts: 1,273	IBill new scrubbing policy From CMI: CVV2 Implementation As part of our ongoing effort to communicate business-critical issues to you, we feel it necessary to notify you of the following: We have communicated to you the importance of taking all available measures at our disposal to reduce fraudulent online transactions. Despite greater attention and resources allocated to the issue, the number of fraudulent transactions in the online industry continues to rise. This results in a higher number of chargebacks, a reduction in the quality of transactions and reduced revenues to you. In an effort to reduce fraud, and the resulting chargebacks, to the lowest possible levels, we are instituting a CVV2 (Card Verification Value 2) requirement as part of the sign-up procedure for online transactions. This requirement will now apply to domestic transactions charged to a VISA card and will be incorporated into the purchase process early in the week of May 5, 2003. This requirement is already in place on all international and MasterCard transactions. CVV2 verification utilizes a unique encrypted 3-digit value that is encoded in the magnetic stripe and printed on the back of a card. It is used as an additional means of cardholder verification during the authorization process. Given that CVV2 information will now be a required field during the sign-up process, a missing or incorrect value will result in a declined transaction. It is therefore possible that you may experience a higher decline rate after this requirement is implemented. It is our belief that most of these declines are fraudulent in nature and will result in fewer chargebacks, reduced chargeback-associated costs and greater control before you grant access to your content. Fraudulent credit card charges is an issue that has a negative impact on the entire industry. iBill has been an industry leader in its anti-fraud efforts and will continue to resource this effort to the highest possible degree. Our goals remain consistent with yours related to this issue: less fraudulent transactions and a reduction in the number of chargebacks and the resulting revenue loss that accompanies them. Should you have any questions regarding this notice, please contact our client service department at 800.764.4266 (US) or 954.363.4931(International). Thank you for the confidence you?ve shown us as your processor. We appreciate your business. End of original text No one new signup since May 1st for us? Only rebills. WTF with new IBill scrubbing policy? __________________ WATCH MORE PORN Last edited by Master_Yoba; 05-04-2003 at 04:22 PM..

05-04-2003, 05:26 PM	#3
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,469	Have the other processors (epoch, ccbill, jettis) been CVV2 verification for domestic visa's? WG __________________ I play with Google.

05-04-2003, 06:49 PM	#4
The Other Steve Confirmed User Join Date: Dec 2001 Location: Sunny Queensland - perfect one day and better the next. Posts: 2,106	I think CCBill have had it in place since sometime last year. We moved on from CCBill when the Visa regs changed and I'm sure the CV2 number field was appearing on our sign-up page for some months before that. __________________ Left intentionally blank ... just like my brain

05-04-2003, 09:04 PM	#5
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,582	We offer CCV2 at the merchant's discretion. They can chosse to have it a reqired field, optional field, or not at all. Conversions are definitelty worse with CVV2 enforcement, but the fraud is less too. I recommend it as an optional field, unless the merchant is getting a high rate of ccrd fraud. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

05-04-2003, 05:11 PM	#2
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,703	My understanding is that this is starting tomorrow for USA source cards. Is this correct? Considering there are almost no cards still in circulation that don't have a CVV2 I don't see this being an issue. But I wonder what else is going to happen along with this...I find it a little unsettling that they mention there may be a greater decline rate. My sites have very very little fraud as it is, and I hope they don't penalize us and others by tightening the scrub along with implementing CVV2. The reason that I and most others have stayed with Ibill is that they currently have the best scrub in the business. One thing I have been hearing from my clients is an increasing incidence of them getting "incorrect IP" declines when trying to join. It looks like they are geo checking IP's during signup, but their database is faulty. I haven't noticed anything unusual since May 1 though.