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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 around $14.2 billion annually over the next few years. And as eCommerce and mCommerce channels are becoming […]
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, Japan, which is around $4.9 trillion. And this growth in online sales is not […]
With the holiday season upon us, eCommerce sales are expected to grow by 15.8% during this period. It’s the time of year that many people let go of their spending inhibitions in favour of embracing the holiday spirit. Unfortunately, it also means that the festive period is when fraudsters sharpen their tools as they prepare […]
The latest release of GPayments’ MPI, ActiveMerchant, has achieved compliance certification for Mastercard® Identity Check® (3-D Secure™ protocol). According to Mastercard: MasterCard Identity Check will put identity verification at the cardholder’s fingertips using technologies such as biometrics and SMS-delivered one-time passwords. Mastercard® Identity Check® (IDC) is the successor to the existing Mastercard® SecureCode™ authentication program […]
Here are 5 promising fraud prevention startups that we think you should keep an eye on. Signifyd Signifyd was founded in 2011 in San Jose, California and, having managed to raise $56 million (approx. $70 million AUD) to help protect against e-commerce fraud this year alone, it’s fair to say the company is without […]
Online payment trends keep evolving as customers continue to favour more user-friendly solutions and solution-makers compete for market share by constantly trying to reinvent the next big thing. This paper will outline the top 5 trends that are shaping the future of card-not-present payment as we know it.
This blog provides supplementary information for GPayments’ MPI (ActiveMerchant) clients undergoing Visa Product Integration Testing (PIT). Visa has mandated that PIT testing is carried out for all new 3-D Secure MPI implementations, before they go into production, in all Visa regions. The first step in Visa PIT testing is to enrol for Product Integration Testing […]
The benefits of the 3D Secure protocol implementation in any organisation are widely known and accepted. At its core, the technology provides an additional layer of security in card-not-present online payments, providing merchants with increased protection against financial liability, while also raising shopper confidence. It would therefore seem that implementing 3DS is a no-brainer. However, […]
3DS 2.0 is more than just an update of an old standard. It is designed with the intent to create a frictionless payment experience for cardholders. It will do this by facilitating a richer cardholder data exchange, allowing risk-based authentication by issuers for low risk transactions, instead of authentication challenges to the cardholder, such that […]