Not too long ago there was a great quote on LinkedIn. Or maybe it was Reddit or Twitter, but it read, ‘We can put a man on the moon, but we can’t stop CNP fraud.’ It made me chuckle out loud. Card-not-present fraud has already escalated and is projected to worsen each year for the forseeable…
Category: Fraud Prevention
Online Ticket Fraud Up 55 Percent in the UK
Scammers and fraudsters have turned to social media to ripoff consumers who frequent sporting and entertainment events, and they’re doing it better than ever. According to a recent report compiled by Get Safe Online and the London Police’s National Fraud Intelligence Bureau, online ticket fraud in 2015 was 55 percent higher than it was in…
What are the Common Causes of Friendly Fraud?
Friendly fraud continues to wreak havoc on e-commerce businesses and, for several reasons, the e-commerce landscape is getting more stringent with new chargeback and fraud thresholds. In the seminar entitled, Reduce Friendly Fraud Damage Through Merchant-Issuer Collaboration by Kristian Gjura at MPE 2016, the causes of friendly fraud are examined as well as how the…
Target Chip and PIN Program Is On Target
As U.S. merchants move to accept the new EMV cards, one major retailer stands out above the rest. Target has fully embraced the chip and PIN standard, and has made significant efforts to make sure their customers are comfortable embracing it as well. I started noticing this when I got my new Target chip and…
Why Aren’t Retailers Using Their EMV Machines?
Because I work in the payments industry, I get excited when I see an EMV point-of-sale machine whenever I’m checking out of a retail store. To me, it signifies progress. I chuckle when the person in front of me quickly inserts their card in and out, similar to swiping. You cannot blame them. Swiping is…
Securing an E-Commerce Website: Do These 3 Things
When you’re running an online store, securing an e-commerce website should always be the first thing on your mind. You’re dealing with sensitive information for your customers, and they want to know you’ve got their personal data safe. Our friends at MalwareList.net recently wrote an article about securing an e-commerce website. We’re sharing some of…
Fueling Stations Tackle Credit Card Counterfeiting
Because I’ve worked in the ever-in-flux payments industry for three years, whenever I see industry changes and security measures in action, it intrigues me. I recently made a purchase at Home Depot, and instinctively swiped at the self-checkout. Noticing that I had an EMV chip credit card, the POS device prompted me to insert instead of…
Objective and Results-Focused: A Chargebacks911 Review
Chargeback management can be a daunting, tedious task. And it’s about to become even more imperative for merchants. Because of new changes in Visa’s Chargeback Monitoring Program and its Fraud Monitoring Program, both e-commerce and POS merchants may soon be turning to chargeback mitigation companies for help. Many merchants, especially those in the high risk…
New Visa Security Requirements Tackle Data Breach Trend
Visa recently announced a series of security requirements designed to counter credit card fraud head on, starting with the most alarming method of fraud—the data breach. In a bulletin issued in October of last year, Visa spoke of the necessity for advanced security protocols that merchants and acquirers must adhere to in order to curb the…
Credit Card Fraud Trends Reveal Important Stats
Cybercrime and financial fraud has been running rampant in recent years, causing many to worry about how they can safely spend money using their credit cards. With fears of credit card fraud at all time highs, the need to combat the growing trend is apparent. However, in order to get closer to the worldwide goal of…