In this article, we will delve into the concept of 3D Secure Authentication and its significance in ensuring secure online transactions. With the ever-increasing prevalence of e-commerce and online payments, it has become crucial to implement robust security measures to protect sensitive customer information and prevent fraudulent activities. Throughout this article, we will explore the…
Learn all about 3D Secure Verified by Visa, the online security protocol that keeps your transactions safe and secure. This ultimate guide covers everything you need to know about the 3D Secure protocol, from how it works to its benefits and much more. Introduction Shopping online has become more convenient than ever, but it also…
Data protection and security are pivotal not just for safeguarding client information, but also for shielding business proprietors. Acquiring and sustaining secure payment structures is essential for preserving the well-being of both parties. With the proliferation of credit card-oriented transactions online, security and fraud prevention measures have become top priorities. Enforcing secure payment technology policies…
The successful liability shift for enrolled card is required to the point at which merchants are no longer held financially responsible for certain types of fraudulent transactions if they have met certain requirements for accepting chip-enabled cards. This shift helps to reduce the incidence of card fraud and encourages merchants to upgrade their card readers…
Learn about 3D Secure authentication in order to prevent the risk of fraud and comply with the requirements of regulatory agencies. To protect against fraud, 3D Secure (3DS) requires that customers take a further verification step by contacting the card issuer before making a payment. Typically, you guide your customer on a page for authentication on the bank’s…
Digital commerce authentication with the latest EMV 3DS testing platform for Secure Protocol UL for 3DS to promote compliance testing for 3D-secure technologies. The 3DS testing platform, which the payment specialist Logibiztech developed using Mastercard will allow issuers to test the end-to-end authentication process. The safety and reliability that comes with the current merchant 3DS…
CNP FRAUD COMMON WARNINGS: Global eCommerce sales will almost double from $2.3 billion in 2017 to $4.5 trillion in 2021. For context, this figure is very close to Japan’s GDP total of $4.9 trillion. This isn’t a local phenomenon, the growth of online sales is global. If we take a look at 10 of the…
A rise in eCommerce and mCommerce has led to a rise in fraud over the last few decades due to the card-not-present (CNP), nature of online payments. In 2015, eCommerce fraud rates averaged 0.53% worldwide. This may seem small, but it’s a substantial amount considering eCommerce sales are expected to reach $2.3 billion by 2017. That means eCommerce…
Juniper research reported that card fraud (CNP fraud), which is committed by card-not–present criminals, will hit $71 Billion between 2017-2021. This includes remote physical goods transactions, which are the primary target of online fraudsters. In the next few years, this will average $14.2 million annually. CNP fraud, which is expected to be 4X higher than physical, points-of-sale fraud…
What is 3D Secure? 3-D Secure, also known as the 3-domain structure, is a way to prevent online fraud when using credit or debit cards. It’s also known as payer authentication. This security method provides additional security for the cardholder as well as the merchant. In the course of an online purchase when you pay, 3D Secure…