Newest Creditcard Regulations - Effectively Kill rebills? - GoFuckYourself.com

Varius · 11-15-2004, 09:59 AM

I got a letter today outlining new regulations from creditcard companies, and while most was standard stuff (reporting security incidents, destorying outdated cards, etc....), one point stuck out to me:

"Do not store the following under any circumstance:
- Card-validation code (three-digit value printed on the signature panel of a mastercard, visa, discover, JCB or Diners Club card, and four-digit code printed on the front of an American Express card."

Wouldn't this effectively kill rebills? I know some banks will still let cards through without the 3-digit code, but in most cases transaction will be declined without it.

If this policy is enforced (seems doubtful though), I think it would effectively kill creditcard rebills....don't you ???

Dirty F · 11-15-2004, 10:00 AM

Who cares, lets talk about tits.

pradaboy · 11-15-2004, 10:09 AM

Quote:

Originally posted by Battuss
Who cares, lets talk about tits.

in all seriousness tho I do think this would affect rebills. I'm not sure how ti works on the processing end but I'm sure we will hear more about this soon

JamesK2 · 11-15-2004, 10:10 AM

Quote:

Originally posted by pradaboy

Jizar II · 11-15-2004, 10:11 AM

The security code isn't needed when you process a rebill and it's nothing new that you can't store that code.

Varius · 11-15-2004, 10:15 AM

Quote:

Originally posted by Jizar II
The security code isn't needed when you process a rebill and it's nothing new that you can't store that code.

As I mentioned some processors/banks don't require the code, but most at this moment will reject the transaction with error "Missing cv2 number" or the like.

Depends on the scrubbing level and the processor in question I guess.

Rinaldo · 11-15-2004, 10:15 AM

Great question though.

where can I get more bouncing boobies?

pradaboy · 11-15-2004, 10:15 AM

Quote:

Originally posted by Battuss
Who cares, lets talk about tits.

ProfitPrograms · 11-15-2004, 10:22 AM

i need more info on the source of those tits - perfect for a project that i am working on

webmaster x · 11-15-2004, 10:23 AM

Quote:

Originally posted by pradaboy

this is what were talking about.

Jizar II · 11-15-2004, 10:29 AM

Quote:

Originally posted by Varius
As I mentioned some processors/banks don't require the code, but most at this moment will reject the transaction with error "Missing cv2 number" or the like.

Depends on the scrubbing level and the processor in question I guess.

Yes they'll reject it if it's an initial auth, but a rebill isn't the same kind of transaction.

pradaboy · 11-15-2004, 10:31 AM

Quote:

Originally posted by ProfitPrograms

i need more info on the source of those tits - perfect for a project that i am working on

wish I could help ya out man but this is just some random stuff I got from the internet.

Trax · 11-15-2004, 10:31 AM

As long as mainstream companies can process rebills via creditcards there is nothing to worry about.

And I don't forsee the day coming when AOL is not allowed to charge its members via credit cards on a recurring basis.

detoxed · 11-15-2004, 01:13 PM

Quote:

Originally posted by Trax
As long as mainstream companies can process rebills via creditcards there is nothing to worry about.

And I don't forsee the day coming when AOL is not allowed to charge its members via credit cards on a recurring basis.

yep the whole economy would change overnight it rebills stopped. think about all the services that use rebills..

Varius · 11-15-2004, 01:15 PM

Quote:

Originally posted by detoxed
yep the whole economy would change overnight it rebills stopped. think about all the services that use rebills..

That's why I said I'td be doubtful they would ever enforce it

Varius · 11-15-2004, 01:21 PM

Quote:

Originally posted by Jizar II
Yes they'll reject it if it's an initial auth, but a rebill isn't the same kind of transaction.

True but I've experienced more than a few merchant accounts who reject rebills off the bat if no cvv number is provided with the transaction.

We've had/have approx 15 merchant accounts over the past 3 years, so I've seen a wide range...

Pornwolf · 11-15-2004, 01:23 PM

Now this is a cool thread. It's the perfect mix of business talk and tits. Put this one in the hall of fame.

Manowar · 11-15-2004, 01:25 PM

Quote:

Originally posted by ProfitPrograms

NETbilling · 11-15-2004, 01:35 PM

Quote:

Originally posted by Varius
As I mentioned some processors/banks don't require the code, but most at this moment will reject the transaction with error "Missing cv2 number" or the like.

Depends on the scrubbing level and the processor in question I guess.

Hi,

We are able to send a rebilling code through the authroization network that let's them know a charge is a rebill so the CVV2 code is not needed. Storing CVV2 is not necessary and against regulations.

Thank you, Mitch Farber

Pornwolf · 11-15-2004, 01:43 PM

Ok, now that Mitch has answered the billing question, we know this thread is a hall of famer!

Varius · 11-15-2004, 02:05 PM

Quote:

Originally posted by netbilling
Hi,

We are able to send a rebilling code through the authroization network that let's them know a charge is a rebill so the CVV2 code is not needed. Storing CVV2 is not necessary and against regulations.

Thank you, Mitch Farber

Hey Mitch,

I guess just some companies around the globe aren't aware it isn't mandatory and reject the transaction....guess that says something about them business-wise hehe

I can't wait to start accepting Euros on the new IwantU with you guys

You up for more poker in Vegas?

NETbilling · 11-15-2004, 02:38 PM

Quote:

Originally posted by Varius
Hey Mitch,

I guess just some companies around the globe aren't aware it isn't mandatory and reject the transaction....guess that says something about them business-wise hehe

I can't wait to start accepting Euros on the new IwantU with you guys

You up for more poker in Vegas?

Hi Keith,

I am certainly up for some poker with you.

Are you working on a new account with our merchant services department?

Mitch

Varius · 11-15-2004, 02:47 PM

Quote:

Originally posted by netbilling
Hi Keith,

I am certainly up for some poker with you.

Are you working on a new account with our merchant services department?

Mitch

I believe Michael was in England few weeks ago to setup our company there for the Euro account....so things should be going forward far as I know

11-15-2004, 09:59 AM	#1
Varius Confirmed User Industry Role: Join Date: Jun 2004 Location: New York, NY Posts: 6,890	Newest Creditcard Regulations - Effectively Kill rebills? I got a letter today outlining new regulations from creditcard companies, and while most was standard stuff (reporting security incidents, destorying outdated cards, etc....), one point stuck out to me: "Do not store the following under any circumstance: - Card-validation code (three-digit value printed on the signature panel of a mastercard, visa, discover, JCB or Diners Club card, and four-digit code printed on the front of an American Express card." Wouldn't this effectively kill rebills? I know some banks will still let cards through without the 3-digit code, but in most cases transaction will be declined without it. If this policy is enforced (seems doubtful though), I think it would effectively kill creditcard rebills....don't you ??? __________________ Skype variuscr - Email varius AT gmail

11-15-2004, 10:22 AM	#9
ProfitPrograms Confirmed User Join Date: Feb 2004 Location: ProfitLand Posts: 1,061	i need more info on the source of those tits - perfect for a project that i am working on __________________ ICQ: 189153

11-15-2004, 01:23 PM	#17
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	Now this is a cool thread. It's the perfect mix of business talk and tits. Put this one in the hall of fame. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

11-15-2004, 01:43 PM	#20
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	Ok, now that Mitch has answered the billing question, we know this thread is a hall of famer! __________________ I've trusted my sites to them for over a decade... Webair, bitches.

11-15-2004, 10:00 AM	#2
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Who cares, lets talk about tits.

11-15-2004, 10:11 AM	#5
Jizar II Confirmed User Industry Role: Join Date: May 2001 Location: LLL© Posts: 1,425	The security code isn't needed when you process a rebill and it's nothing new that you can't store that code.

11-15-2004, 10:15 AM	#7
Rinaldo Confirmed User Join Date: Sep 2003 Location: South Florida Posts: 5,086	Great question though. where can I get more bouncing boobies?

11-15-2004, 10:31 AM	#13
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	As long as mainstream companies can process rebills via creditcards there is nothing to worry about. And I don't forsee the day coming when AOL is not allowed to charge its members via credit cards on a recurring basis.