Here, you’ll find all the information you need on compliance and security solutions, and how Nuvei keeps transactions secure.
PROTECTION AGAINST FRAUD
CARD-PRESENT TRANSACTION SECURITY
EMV (chip card) Technology
EMV is a global standard for credit and debit card processing designed to replace magnetic stripe cards. Also referred to as chip and PIN or chip and signature, this smart chip technology consists of a microprocessor embedded into payment cards and smart devices such as mobile phones.
Avoid liability for fraudulent transactions by having a compliant EMV solution. We were pioneers in delivering EMV-enabled solutions in order to provide better protection from fraudulent activity. Our point-of-sale terminal solutions provide faster checkouts and better security. Accept contact and contactless cards with innovative, future-proof payment devices, in-store or on-the-go.
POINT-TO-POINT ENCRYPTION (P2PE)
With Nuvei’s certified P2PE platform, businesses can feel confident in having bolstered their security and the point of sale. We’ve added the highest level of cardholder data protection available. Along with delivering robust anti-fraud measures, our P2PE solution effectively reduces PCI DSS scope for merchants, ISVs and VARs, lowering the cost and effort needed to achieve and maintain compliance.
ONLINE (ECOMMERCE) TRANSACTION SECURITY
BUILT-IN FRAUD DETECTION
Safer, smarter payments are here. Our advanced decisioning platform helps prevent online fraud before it can happen. Best of all, it’s built right into our payment gateway – nor third party solution is required.
- Tracks and monitors customer activity through the entire site across multiple devices
- Within seconds of a payment, a Risk Score is given to every transaction to determine the likelihood of fraud
- Works entirely in the background and will not interrupt customer shopping experience
Tokenization is a data security method that replaces credit card information with a token – a random value that retains the card’s essential information without compromising security. Nuvei’s tokenization technology allows access to billing data without needing to store credit card information. This is especially helpful for recurring or subscription billing purposes.
Each token is linked to a single customer profile and can be used to complete a purchase transaction. Merchants can safely process transactions while reducing the risk of having sensitive data fall into the wrong hands. The extra security allows businesses to also save time and money versus integrating with third party solutions.
Nuvei also provides seamless, plug and play connectivity with common third-party security extensions, including:
- 3-D Secure
- Address Verification Service (AVS)
- Card Verification Value (CVV)
Nuvei recognizes the need for the highest security available to protect our merchants and their customers. In compliance with PCI Data Security Standards, we have met and surpassed all requirements set forth as a Level 1 Service Provider.
WHAT IS PCI COMPLIANCE?
The Payment Card Industry (PCI), which includes Visa, MasterCard, American Express and other leading card brands, requires service providers, banks and high-volume merchants to follow strict security guidelines, including:
- Building and maintaining a secure network
- Protecting cardholder data
- Maintaining a vulnerability management program
- Implementing strong access control measures
- Regularly monitoring and testing networks
- Maintaining an information security policy
In accordance with these guidelines and with a third-party security assessment, Nuvei has been issued a certificate of PCI Compliance toward the requirements of the Payment Card Industry (PCI) Data Security Standards (DSS) validation methods.
You can find these standards on the PCI SSC’s Website at the following link: https://www.pcisecuritystandards.org/security_standards/pci_dss.shtml
Nuvei offers a suite of tools to empower business owners to become and remain PCI compliant.
In our ongoing efforts to make payments safer, we are also a Participating Organization members of the PCI DSS Council.
EMV Chip Technology
In 2015, Visa and MasterCard are requiring all U.S. merchants to convert their point-of-sale hardware to accept EMV chip cards or potentially be held liable for fraud that occurs at their business. We have been a trailblazer in the industry, making it simple and affordable to upgrade to secure platforms, ensuring consumer confidence and safety.
WHAT IS EMV?
EMV is a global payment specification that supports Chip and PIN/Signature technology designed to reduce fraud at the point of sale. EMV, which stands for Europay MasterCard Visa, is currently used throughout much of the world.
WHAT MAKES EMV DIFFERENT?
An EMV chip card is like a regular credit card, but it includes a microchip that secures transactions. Cardholder data is more secure
on a chip-embedded card that utilizes dynamic authentication, than on a static magnetic stripe card. Instead of swiping the card, it is inserted into, or tapped on the terminal. Chip cards are more secure than regular cards because they offer better encryption.
HOW DOES EMV BENEFIT YOUR BUSINESS?
EMV provides increased security and faster checkout times. Card disputes will be reduced since the customer keeps their card in hand and security is improved because card data is passed directly to the payment processor.
Merchants also benefit from:
- Protection against counterfeit cards with more robust card authentication.
- Fewer chargebacks and reduced liability due to fraud from non-compliant transactions.
- Improved bottom line – secure shoppers make for satisfied, repeat customers!
Underwriting and Risk Management Solutions
No more underwriting delays! Our partners can expect near-instant review of account information when working with Nuvei. Our automated underwriting process allows for a frictionless onboarding experience. Once an application is received, it is evaluated in real-time by a number of compliance checks. Within minutes, a response is generated, approving the account or sending it for manual review. Accounts can be approved rapidly and begin processing faster than ever.
A chargeback occurs when a customer contacts a credit card Issuing Bank to initiate a refund for a purchase they made on their credit card. The reasons why chargebacks arise can vary greatly but generally, they are the result of a customer being dissatisfied with their purchase.
Our Merchant Dashboard alerts business owners of chargebacks should they occur and offers tools to assist in disputing or resolving them, quickly and efficiently.
We also offer a number of best practices for avoiding chargebacks. After all, the best way to deal with any chargeback is to prevent it from happening in the first place.
IN-HOUSE COMPLIANCE SPECIALISTS
We ensure that our partners receive the highest levels of compliance support available. With experienced and dedicated in-house specialists by your side, they act as your eyes and ears for everything related to bankcard rules and regulations, registration requirements, government rules and more.