Card not present
News about Card not present.
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.
October 26th, 2016
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions. “The new specification provides a globally interoperable framework that promotes a consistent consumer experience across all ecommerce channels and connected devices when authenticating a cardholder,” payments standards body EMVCo says. The EMV 3DS 2.0 specification can be downloaded, royalty free, from the EMVCo website.
November 26th, 2015
PARTNER NEWS: Mexican bank BBVA Bancomer has become the first to make use of digital giant Gemalto’s Dynamic Code Verification solution. The solution replaces traditional, static three-digit security codes with a dynamic CCV/CVC that changes every 20 minutes.
October 13th, 2015
PARTNER NEWS: Digital security giant Gemalto has launched Dynamic Code Verification, a payment security solution that replaces traditional, static three-digit security codes with a time-based dynamic CVV/CVC that changes every 20 minutes and can be…
September 11th, 2014
An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional…