3D secure

Key Considerations for Selecting a Consumer Authentication Vendor

The EU’s Payment Services Directive II (PSD2) has generated many questions from the financial services and payments industry. So much so we have found some in the industry turning to RSA for advice and guidance on the key considerations they need to put forth as they prepare to issue requests for proposals from potential consumer…

The $5 Billion Fraud Problem

When explaining my profession to people I meet, they often tell me about the time their card was “frauded.” I always enjoy this conversation, as it provides insight into the human victim element of a fraud event. The breadth of emotions typically ranges from, “How did this happen and how do we track down the…

Reduce Fraud and Abandonment with a Risk-Based Approach to Online Sales

Sooner or later every business with an online presence is plagued by shopping cart abandonment. Sometimes a consumer changes their mind, factors in the cost of shipping and decides it’s not worth it, or is simply distracted long enough so the transaction is never completed. Getting a consumer to follow through is not as easy,…

A closer look at the PSD2 and Risk-Based Authentication

The 8th of October 2015 is the day that Europe took a major step towards adopting more secure online banking – the European Parliament formally adopted the revised Directive on Payment Services, otherwise known as the PSD2. Whilst this is of particular importance to National Banks, Banks, Card Issuers/Acquirers/Merchants and Payment Service Providers in the…

Reducing Fraudulent Transactions during the Holiday Shopping Season with Behavioral Analytics

While it may seem a bit early to be addressing the holiday shopping season, the giant nutcrackers are already towering over the pumpkins at the mall so I figured it was fair game. So what can we expect this holiday season? According to a National Retail Federation survey, average spending per person is expected to rise…

Reducing the Risk of Fraud in the 3D Secure Ecosystem – The Issuer Perspective

3D Secure is a boon to online retailers who benefit from the shift in chargeback liability to card issuers. Participation in 3D Secure is almost a no-brainer from the merchant perspective in that sense. What about card issuers though? According to the Nilson report, issuers absorb over 66% of the more than $5 billion a…