The brand-new Mastercard 3DS testing platform is designed for issuers
The Brand-New Mastercard 3DS Testing Platform Is Designed For Issuers 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…
CNP Fraud Common Warnings And How Merchants May Use It To Suit Their Desire
CNP Fraud Common Warnings And How Merchants May Use It To Suit Their Desire 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…
How Does Liability Shift Work With 3d Secure?
How Does Liability Shift Work With 3d Secure? 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…
Breaking Down PCI for 3D Secure: How Does it Fit in to the 3DS2 Protocol?
Breaking Down PCI For 3D Secure: How Does It Fit In To The 3DS2 Protocol? 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…
3D Secure 2.0: What is it and how does it work?
3D Secure 2.0: What Is It And How Does It Work? 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…
What is MIR Accepted By MIR Payment System?
What Is MIR Accepted By MIR Payment System? It is the Mir payment system, a new Russian national payment system that has been creating waves. Mir started issuing credit cards in the year 2015 and has been expanding its offerings since then. The system for payment uses a variety of security protocols that we’ll cover within this…
Exploring OOB Authentication in EMVCo 3d Secure 2.0
Exploring OOB Authentication In EMVCo 3d Secure 2.0 In-band OOB AUTHENTICATION is an authentication method that requires the use of two distinct signals coming from two different channels or networks. The goal of OOB use is to guard away any attack by hackers and deter fraudulent users who are able to only access two channels. In the…
Tokenisation in the Payments Industry – Providing Security, Compliance, and Convenience
Tokenisation In The Payments Industry – Providing Security, Compliance, And Convenience Tokenisation is an easy process in theory but the complexity of different implementations can add to its complexity. Tokenisation involves the break-up of a particular piece of information or assets into a set of mathematical tokens and then incorporating the tokens as an active part…
LCR – LEAST COST ROUTING
LCR – LEAST COST ROUTING What’s the Least Cost Routing and How Does it Function? Least Cost Routing (LCR) or merchant-choice routing is when a payment is processed using the cheapest option for a retailer when a consumer performs a contactless dual network credit card payment. LCR can be done via Visa, Mastercard, or EFTPOS….
Who is Responsible for the Prevention of Credit Card Fraud?
Who Is Responsible For The Prevention Of Credit Card Fraud? Preventing credit card fraud is beneficial for everyone involved. Although individuals take great care in safeguarding their credit card details and personal information from potential thieves who could cause harm to their credit rating, the responsibility of resolving any fraudulent activity falls upon the card…
