Risk & Compliance

Reliable & efficient turnaround.

AIB Merchant Services believe in educating and informing our merchants about compliance issues that may affect them. We are committed to adopting the latest credit and debit card processing security standards to prevent fraud, minimise risk and offer you support.

eCommerce merchants assume 100% of the liability for fraudulent transactions. Delivering fraud management tools including Card Verification Service (CVV/CID) and 3D Secure Services enables our customers to manage interchange rates and liability associated with chargebacks.

AIBMS have a dedicated in-house compliance and risk department which will provide you with access to our experienced risk and compliance managers who can support our customers with all aspects of compliance and risk, including:

CVC

AIBMS necessitates the use of CVC (CVC2/CVV2) processing for all CNP transactions. This process allows the cardholder to input the three-digit security code on the reverse of the credit card to prove that the card is present at the time of the transaction.

3D Secure

We support both Verified by Visa and MasterCard SecureCode. These programs have been set up by the Card Schemes to ensure security for cardholders when they use their credit card online. The cardholder must register with their respective Card Scheme. The cardholder also provides an additional piece of information to verify that the correct person is making the credit or debit card purchase.

We do not mandate the use of 3D Secure for all eCommerce transactions, however, we do and will continue to support our customers in understanding the programme and planning their implementation strategy.

PCI DSS

PCI DSS (Payment Card Industry - Data Security Standard) is the security requirements for merchants and service providers, who store, manage or transit cardholder data. It is the uniform set of security standards that all the major card processing associations have agreed will govern the protection of cardholder information.

AIBMS are committed to adopting the latest security standards to prevent fraud, minimise risk, maintain data integrity and safeguard against illegal accessing of cardholder data. As a function of this, we mandate that security audit compliance is adhered to. Our customers will, however, be supported in their implementation of the security standards.