The payment gateway provider PayUbiz has come up with its new CVV-less payment technology to improvise user experience and enhance transaction success rates for online payments.
Card verification value (CVV) or the three-digit code printed on the signature strip, is an anti-fraud security feature that helps in verifying the actual possession of credit or debit card.
The new feature gives CVV-less payment flow to consumers making payments online on PayUbiz partner merchants who are using this technology.
“We aim at giving a seamless payment experience to buyers and therefore, have developed innovative technology for our partner merchants. This is an effort towards extending the benefits of our innovative fin-tech to the merchants who are expanding on various platforms, be it mobile or desktop. Our innovation removes the need for entering CVV and enables a CVV less payment flow. This achievement has motivated many new merchants to sign-up with us and enhance their online payment experience,” said Rahul Kothari, Business head at PayUbiz.
PayUbiz has also filed a patent for this innovation. The CVV-less technology is already being used by PepperTap, Goibibo, redBus, Twigly, PayUmoney and the process of integration is on with more industry leaders.
This is an absolutely secure and convenient digital payment solution, which is PCI-DSS certified, a highest standard in payment industry. Moreover it complies with RBI payment and Settlement systems act 2007.
In the past PayUbiz has launched innovative features such as OneTap Payment, Magic Retry to trivialize payments and considerably enhance transaction success rates. CVV-less technology is yet another innovation that makes payments simpler and further improves transaction success rate.
The feature is works for both Web (Desktop and mobile) and Mobile Apps (Android and iOS).
BW Reporters
Haider Ali Khan is an alumnus of IIMC. He holds a degree in English Journalism from the prestigious campus. His passion includes Aviation, Technology, Politics and Sports.
