3D secure

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…