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Since the vast majority of credit card transactions are real time with a CVV2, most venues will see limited effect for 99% of credit card authorizations:
It will affect:
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Theatre Manager has sent CVV2 numbers for many years. Please confirm the following three settings for your venue:
Theatre Manager's Emergency Mode was designed for situations where the credit card company's processing was down or not available. This requirement for CVV2 (plus the inability to store it) means that the Credit Card companies are now requiring Real Time Authorizations. It means they prevent you from running your venue in the event that the merchant provider is down.
According to an email from Bambora, this appears to directly affect recurring payments. Theatre Manager does not store CVV2 data (per PCI requirement 3.3).
This likely means that trying to authorize a Post Dated Payment or creating a recurring donation will see those payments rejected at some time in the future.
We have felt for a long time that the unstated direction of the bank industry was elimination of card data storage at a merchant. It is fortunate that we anticipated this as have a project underway to migrate patron card information to the bank and use tokenization instead. Effectively, this means:
If the post dated payment token is stored at the merchant processor and is unique to your merchant account, it adds a step when switching from one merchant provider to another. You will need to keep your old merchant account active until all future post dated payments set up for your original merchant provider are completed and authorized.