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    How to authenticate digital wallet users with 3DS2

    Posted on August 12, 2019.

    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 identity verification is a significant challenge today, especially when it comes to online...

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

    Posted on May 10, 2019.

    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 and including them as a dynamic component with each transaction. In the payments industry,...

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    Exploring Out of Band Authentication in EMVCo 3D Secure 2.0

    Posted on January 10, 2019.

    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 fraudulent users that have access to only one of these channels. Within the realm of online...

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    What is Mir Accept by Mir Payment System

    Posted on October 26, 2018.

    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 we will introduce in this blog. The History of Mir The Mir Russian National Payment Card System...

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

    Posted on September 17, 2018.

    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 eCommerce itself is a growing market. Further, in certain countries where mobile device adoption...

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    Biometric Identification is the Future for CNP Fraud Prevention

    Posted on July 17, 2018.

    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 shopping methods, these innovations have brought with them the increased risk of identity theft...

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

    Posted on April 18, 2018.

    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...

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

    Posted on February 5, 2018.

    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 just confined to one...

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    5 Industries Most Affected by Card-Not-Present Fraud

    Posted on December 21, 2017.

    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 to take...

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    How Does Liability Shift Work With 3D Secure?

    Posted on December 6, 2017.

    The rise in eCommerce and mCommerce volumes over the last few years has seen a corresponding rise in fraud due to the card-not-present (CNP) nature of online payments. The global average fraud rates for eCommerce sales (2015) were around 0.53%. This may not sound like a huge amount but if you take into account the fact that eCommerce...