Are You trying to set up a payment wallet on Amazon or other online stores, and it is requesting for the “name on card”.
Is it of any essence to the seller?
It will interest you to find out in this post.
“Name On Card”
This is also called Cardholder’s name.
This name is always printed BOLDLY on the front of the card.
It is the person’s name, just as it appears on the card.
This is identified that only the bearer of the card is permitted to use the card.
The cardholder must approve to spend from the file as an “authorized client,” although they couldn’t access it.
Cards, such as; debit and credit can only be used by approved cardholders.
The cardholder name helps online sellers to locate the account to be debited for goods and services offer to the customer.
There’s a fraud system put in place to detect if the name on the name field matches the card holder’s name.
It saves the cardholder’s name so that if they contact to cancel or dispute a charge, their name will be on file, even if the account name is different.
If there is any difference in the cardholder’s name and the name on the account, it can be used for possible detection of the customer’s legal name.
If the fraud system detects that there is a difference in the card holder’s name but the details match, your order will either be processed automatically or redirected to the fraud department for verification.
If the account is sent for review, they will manually look at it and find that the AVS failed due to a mismatch in the name.
Your account will only be approved If they like anything else they see.
Some systems can detect and flag unguarded accounts when the same card is used several times at a merchant but the name entered for the card changes.
Moreover, somebody might open a new account with a stolen card that has already been registered.
This approach is usually detected by an Internal fraud detector or a third-party system.
Here is a practical scenario:
A woman pays an internet bill for her daughter, but the account is in her daughter’s name.
The woman could reach out to the company and inform them that his credit card is being used for recurring billing and that they must cease using it.
She can insist that the card should be deleted from the account because she knows the number of the card and her name is on file as the cardholder in the merchant’s system.
(Depending on the merchant’s rules, he may still be unable to make any changes to the account, but he should be able to delete his card.)
Open several accounts with one card name and number will If someone uses the same card number and card name, it will be flagged as well.
Data such as the IP address, card number, AVS verification status, geolocation, and so on, help to detect fraud when combine with the cardholder’s name.
Card name is not often used as a stand-alone indicator because multiple individuals can have the same name.
The cardholder’s name can be used to look for and potentially identify accounts with other suspicious indicators.
We’ve highlighted different ways the cardholder’s name is important, just as other details needed are of equal importance when ordering online.
How it is used highly depends on the fraud detection system put in place by the merchant you are ordering from, and whether or not a particular card type checks the name of the cardholder