Security & Technology
As a fully compliant PCI DSS Level 1 Service Provider and a principal member and licensed acquirer of Visa and MasterCard, Viva Wallet adhere to the card schemes’ operating regulations. We are also subject to yearly audits by a third-party PCI Qualified Security Assessor, Visa, MasterCard, and the banks we partner with.
Dynamic CVV Technology
Rather than using a static three or four-digit code on the back of the card, dynamic CVV technology creates a new code periodically. When a customer is ready to initiate a transaction, they will receive an SMS or email with a one-time CVV. The unique code then expires after the purchase is complete or within the next few hours.
AI based anti-fraud algorithm
Our AI-powered fraud detection technology learns from each transaction in real-time and can anticipate fraudulent attacks before they even happen, resulting in us seeing a reduction of fraud by 70 percent, while increasing conversion rates by as much as 35 percent. Our detection results are completely transparent, so you can understand exactly why a transaction was blocked or accepted.