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…
Simulators and Emulators: What’s the difference?
Simulators And Emulators: What’s The Difference? Simulators and Emulators: A simulator aims to replicate the behaviors, variables, and configurations found in the production environment of an iOS app, creating a virtual environment that closely mimics the real-world system. In contrast, an emulator is specifically designed to simulate all of the hardware and software features of a…
Biometric Identification is the Next Step for CNP Fraud Prevention
Biometric Identification Is The Next Step For CNP Fraud Prevention Biometric identification is considered the next step in preventing card-not-present (CNP) fraud. CNP fraud occurs when a criminal makes unauthorized purchases using stolen credit or debit card information, without physically possessing the card. Biometric identification uses unique physical or behavioral characteristics, such as fingerprints, facial…
How Does 3d Secure Adapt to the Mobile Commerce Boom?
How Does 3d Secure Adapt To The Mobile Commerce Boom? M-commerce, also known as mobile commerce, refers to the process of purchasing and selling goods and services through wireless devices like smartphones and tablets. It is a type of electronic commerce that allows users to access online shopping websites without requiring a desktop computer. Mobile…
