ATM Direct's Internet Card Verification Solution

Many studies have shown that card not present transactions are more susceptible to fraud than traditional brick and mortar transactions. In line with this, online credit card fraud has dramatically increased in the last 5 years. As fraudsters get more sophisticated, consumers are becoming increasingly comfortable with transacting on the Internet. Merchants, acquirers, associations and issuers are getting hit hard with the expense of managing fraud and charge-back risk.

ATM Direct offers a unique solution that can reduce online credit card fraud. ATM Direct seamlessly connects with any merchant website and allows capture of the last four digits of the credit card number or full credit card verification number through our patented software-only, mouse click driven scrambling pin pad. These numbers are encrypted at the source and the transaction is securely passed to the acquirer and processed like any other card not present transaction.

This layer of card data capture is a first for the industry and provides the highest level of security for this payment method on the Internet. The benefits to merchants, issuers, acquirers and associations are meaningful as according to industry studies, online credit card fraud for many merchants is as high as 6% of the total charge volume.