The True Cost of Fraud: Why Investing in 3D Secure Pays Off
In the digital era, the menace of financial fraud looms larger than ever. A single fraudulent transaction can unfold a chain of costs that go beyond mere monetary loss. For businesses operating in the online space, fortifying transaction…
Exploring the Power of Decoupled Authentication
The need for secure payment authentication becomes increasingly essential as the world becomes more digital. Decoupled Authentication (DCA) is a 3D Secure 2 (3DS2) security measure used in online transactions, enabling a frictionless payment…
MOTO Payments: The Essential Guide for Fraud and Risk Teams
MOTO payments, or 'Mail Order / Telephone Order' payments, are a type of electronic payment that have been used for decades. They differ from ecommerce transactions in that the merchant is processing cardholder data manually and not through…
3DS2 Fraud Prevention Solutions for Ecommerce
Online retail payments are booming. Ecommerce revenue in Australia is predicted to reach USD $32.3 billion by 2024 according to the U.S. Department of Commerce. Additionally, mobile payments represent 26.4% of all online transactions according…
What You Do Not Know About Ecommerce Fraud Prevention
You probably know that every day billions of credit card transactions occur online. According to the Nilson Report...
Who Is Responsible for Credit Card Fraud Prevention? You Are.
For ecommerce merchants, payment service providers and card issuers who are serious about credit card fraud prevention, there is good news. GPayments has a 3D Secure 2 fraud prevention solution for all responsible parties and payment authentication…
Least Cost Routing (LCR)
What is Least Cost routing and how does it work?
Least Cost Routing (LCR) or 'merchant-choice routing' is when a payment is routed via the cheapest option for a merchant when a customer makes a contactless dual-network debit card transaction.…
EMV 3DS 2.3 and the Enhancement of Fraud Prevention
It is estimated that over the next decade, card fraud will cost the global card payment industry more than $408 billion. Fraud prevention is critical for online transactions. Consumers, acquirers, merchants, and card issuers all need better…
Frictionless Authentication: What It Is & How It Works?
Did you know that $56 billion was lost due to identity fraud last year? Luckily, there are various ways of fraud prevention. Secure payments utilising multi-factor, passwords, and biometrics are standard payment authentication processes. However,…
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…