US Payments Forum
News stories featuring US Payments Forum:
March 24th, 2017
The US Payments Forum has published a survey of card-not-present (CNP) fraud worldwide to help the US payments industry assemble “layered, effective and systematic” mitigation strategies. “While many attribute the rise in CNP fraud seen in other countries to the implementation of EMV chip technology, there are other factors such as the rapid growth of online sales and the fact that fraud prevention tools have not been fully adopted and implemented by all stakeholders,” says the trade body’s Randy Vanderhoof.
November 15th, 2016
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice. The Forum says it also plans to address issues including tokenization, card-not-present security solutions and encryption. “Our goal is to provide concrete, usable guidance to make new and emerging payment technologies a reality in the US,” says Forum director Randy Vanderhoof. The committee will hold its first working session on December 8.
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