Quote:
Originally posted by iBill Communications
Regarding the difference between CVV2 and Verified by VISA:
CVV2 is a system that ensures the purchaser has physical possession of the credit card by virtue of the imprinted code unique to that card.
Verified by VISA is a system whereby the consumer can log into VISA's website and register their card and obtain a PIN of their choosing. If a merchant participates in VBV, this PIN will be required to complete the purchase. It essentially eliminates the possibility of charges to a stolen credit card or other unauthorized use. For more information on Verified by VISA, visit:
http://www.usa.visa.com/business/mer...h2_/index.html
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? Except it will not help those of us doing recurring billing. This means we have no protection under the Verified by Visa program, including the original sale, if the card number is to convert or has the possibility of being a recurring transaction. That?s pretty much all of the adult industry, which is pretty much our entire business.
The rules were changed to exclude us the other day and we just got the new rule yesterday as we were completing the 3rd certification in preparation for turning the service on to gain the protections advertised.
Oh well, screwed again.
We are in the process of starting a lobbying effort to have this rule revisited.