CVVCALL Technology
Purpose of Invention:
CVVCALL ELIMINATES CREDIT/DEBIT CARD FRAUD FOR ONLINE AND TELEPHONE TRANSACTION.
Description of invention *
CVVCALL Technology eliminates the need for entering the cvv/cvv2 code online when paying for anything using a credit/debit card. Instead, when the credit card information is received for processing without the cvv/cvv2 code, it generates an instant call/text to cardholder’s telephone number associated with the credit/debit card being used prompting He or She to enter the cvv/cvv2 code over the telephone to complete the transaction. It makes the use of a credit/debit card for online and over the telephone transactions impossible if not by the cardholder’s themselves, therefore eliminating fraud. A four digits PIN code called CVV Extension Code, one that only cardholder would known, to be added to prevent fraud if credit card is stolen/lost along with cardholder’s telephone. As for telephone purchases, the merchant taken the order would have to initiate the CVVCALL on their end.
CVVCALL technology works as shown below.
1 – Cardholder enters all credit card information online or over the telephone to pay for a purchase but do not enter the 3 or 4 digit cvv/cvv2 code.
2 – Cardholder clicks the button to submit the payment for the purchase as one would normally do.
3 – Credit card processing center receives credit card information without the cvv/cvv2 code. System automatically grabs the telephone number of the cardholder and generates an instant call/Text.
4 – Cardholder paying for the purchase, receives the instant call/text prompting He or She to enter the cvv/cvv2 code.
5 – Credit card processing center receives the cvv /cvv2 code over the telephone, process it and authorizes the transaction as it normally would.
CVVCCALL, Technology. Patent Pending.
contact info: ag@wvcinc.com
