It is well known that CNP fraud (card not present fraud) is escalating and will continue to do so. It is going to change the way consumers in the U.S. shop online. The seminar Beyond Fraud: The Unintended Consequences of CNP Fraud at the 2016 CNP Expo, addressed several ways in which shopping on the…
Tag: CNP Fraud
How E-Commerce Merchants Will Avoid CNP Fraud
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…
U.S. Payments Industry Frustrates (but it’s Loaded with Opportunity)
As frustrating as it may be, the U.S. payments industry is every bit as exciting. Indeed, the U.S. has some challenges: The U.S. is the last of the world’s major economies to start using EMV chip-enabled credit cards. U.S. merchants have been slow to embrace EMV cards. The U.S. is facing rising card-not-present fraud. The…
Why Merchants Should Embrace 3D Secure Technology
Different countries – including India and South Africa – have begun to require merchants and credit card issuers to use 3D Secure technology for e-commerce transactions. And there are rumblings that the European Union will soon follow. Could the U.S. be next to mandate 3D Secure? The good folks here at Instabill think so. In fact,…
CNP Fraud Jumps After EMV Transition
As it was predicted long ago, the rate of card-not-present fraud jumped following the implementation of EMV point-of-sale systems in the United States. As in-store credit card fraud becomes less possible, fraudsters will turn to other methods to commit their crimes. This presents CNP fraud as a major problem for merchants and consumers, as online…