EVO Payments offers innovative and highly reliable protection mechanisms that detect fraud attempts already during data entry and largely eliminate payment default risks. It is thanks to the use of such systems, which are tailored to the specific business model, that default rates are continually falling.
The card verification number is an additional number printed on the signature strip on the back of the card. On Mastercard cards it is called Card Verification Code (CVC-2), Visa calls it Card Verification Value (CVV-2). It is intended to make it more difficult to use stolen card data and to make mail-order payment transactions more secure.
This standard ensures that security in the storage, processing and/or forwarding of card data is continuously improved. All companies that work with confidential data must comply with these requirements and prove it through appropriate certifications.
You can find out more about PCI DSS here.
A chargeback is a reversal of a payment amount. This means that a payment already made is reversed by the cardholder or the bank. If a chargeback occurs by a cardholder, EVO as acquirer and as interface between the card organizations and the merchant is first informed about the incident and charged with the chargeback amount. The preliminary stage is a retrieval request.
The CIS offers crucial advantages in the defence against payment defaults in card-based payment transactions. Chargeback transactions are processed automatically. Any necessary interventions by the merchant can be made directly online. This saves money, because conventional chargeback appeals usually fail due to non-compliance with the response times specified by the card organizations.
An acquirer is a payment institution licensed by card organizations that is the first point of contact for other businesses (merchants) when they want to accept card payments. It provides services in connection with payment processing and acts as a link between the parties, in particular the merchant or service provider and other entities such as card organizations and other institutions involved in the processing of payments. EVO Payments is one such acquirer.
BIS is the central EVO customer portal with comprehensive reporting on all aspects of EVO's payment processing. This is where all the information about payment transactions comes together. Numerous reports, flexible filter options and all accounting documents are available for you in BIS. It can be accessed, independent of the platform, via an internet browser at the address https://bis.EVOpayments.eu. You can conveniently access the BIS from anywhere using your own login data.
An overview of the debit and credit card acceptances offered by EVO Payments is available here.
There are many different payment options beyond debit and credit cards. Providers worldwide are constantly developing new ways of paying to make tomorrow's world more efficient and easier. Solutions are being worked on to break down the "pay walls" between customers and products/services.These include contactless technologies, payments by invoice or prepayment, instalment payments, eWallets, PaymentApps and much more.
Convenience, security and speed of the payment process play an important role for all companies that offer their payment service for m- and e-commerce via EVO Payments.
You can find an overview of other payment methods here.
Contactless payment is one of the fastest payment methods on the market. To pay, the customer only has to hold their card up to the terminal. According to a speed measurement by GfK in the food retail sector, it takes only 11 seconds on average to make a contactless payment. Conventional payment methods take 23 seconds in comparison. The checkout times are therefore more than halved. Queues thus become less frequent and shorter, to the delight of customers and staff. The payment process is also more hygienic because the cards no longer have to be handed over. By 2019, it is expected that around 75 million cards in Germany will have contactless capability. For retailers, this offers the possibility of an enormous increase in efficiency.
You can find out more about contactless payment here.