Credit Cards and EFPTOS
,

False Declines, the bane of the payment industry

False declines, can be a neverending source of irritation for eCommerce retailers. False declines are valid transactions (would-have-been sales) that are rejected due to fraud speculation. Simply stated, they are legitimate transactions that…

How to authenticate digital wallet users with 3DS2

The proliferation of alternative payment solutions and mobile technologies has changed how we do business. On one side, technology is helping eCommerce grow and on the other side, it is making it easier for scammers to cheat and steal. Customer…

Tokenisation in the Payments Industry - Providing Security, Compliance, and Convenience

Tokenisation is a simple process, in theory, although the complexities of the various implementations can increase its sophistication. Tokenisation entails the breaking up of a piece of information, or assets, into a series of mathematical tokens…

Exploring Out of Band Authentication in EMVCo 3D Secure 2.0

Out of band (OOB) authentication represents the authentication mechanism that involves the presence of two varied signals from two distinct channels or networks. The objective of OOB implementation is to ward off any attacks by hackers and prevent…

What is Mir Accept by Mir Payment System

The Mir Payment system is a young Russian national payment card system that is making waves. Mir began issuing cards in 2015, and has continued expanding their services since. The payment system makes use of several security protocols, which…

How does 3D Secure adapt to the mobile commerce boom?

Mobile commerce is rapidly on the rise. Out of all global eCommerce sales, mobile commerce has grown from 40.2% in terms of transaction value in 2015, to 58.9% just two years later in 2017 (source: eMarketer[1]). This is all happening while…

Biometric Identification is the Future for CNP Fraud Prevention

In January of this year, Mastercard announced that by the second quarter of 2019 all customers will be able to identify themselves with biometrics. The push for such technologies has been driven by the increase in mobile technology and online…
3D Secure & PCI DSS

Breaking Down PCI for 3D Secure: How does it fit in with the 3DS2 Protocol?

According to reports by Juniper research, card-not-present fraud (CNP fraud) is set to hit $71 billion between 2017 and 2021 alone, with remote physical goods purchases being the main target area for online fraudsters. That’s an average of…
card-not-presented-fraud

Common Warning Signs of CNP Fraud and How Merchants can use it to Their Advantage

Global eCommerce sales are expected to almost double from $2.3 trillion in 2017 to $4.5 trillion by 2021. (Source: Shopify) To put that figure into perspective, that’s close to the total GDP for one of the biggest economies in the world,…