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,…
5 industries affected by fraud

5 Industries Most Affected by Card-Not-Present Fraud

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…

How Does Liability Shift Work With 3D Secure?

Promising fraud prevention startups

Promising fraud prevention startups to watch in 2017

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…

5 things merchants need to know before implementing 3D Secure

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…