PYMNTS

AUGUST 14, 2020

Selling an EMV 3DS (also referred to as 3DS 2.0) When PAAY , a software-as-a-service company that protects merchants from fraud and increases authorization rates first started offering EMV 3DS, it had to do a lot in educating potential clients in the face of many saying: “We don’t want to hear about this.” Mendlowitz expects the E.U.

EMV 117

EMV Push-to-Card Issuers Authorization 117

PYMNTS

JUNE 7, 2019

On Friday (June 7), EMVCo released its long anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0. Another way to put it is that new EMV specification promises to enable many more seamless retail transactions. In August of last year, EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform.

EMV 58

EMV Card Issuer Issuers Security 58

The Paypers

OCTOBER 6, 2021

US-based technical body EMVCo has enhanced the EMV 3-D Secure (3DS) specifications to improve fraud fighting capabilities for issuers, acquirers and merchants.

EMV 28

EMV Security Authentication Issuers 28

PYMNTS

NOVEMBER 22, 2019

This is where the new EMV 3-D Secure specifications (sometimes referred to as 3DS 2.0) It supports app-based authentication and integration with digital wallets, as well as traditional browser-based e-commerce transactions. Contextual data is the lifeblood of a robust fraud solutions,” Naumann said.

Issuers 62

Issuers Fraud Prevention Credential Security 62

PYMNTS

OCTOBER 22, 2018

22) on why it supports EMVCo’s release of the EMV Secure Remote Commerce Specification draft , which is now available for public review and comment. “The investments that we have made in technology and security, including EMV SRC , will help deliver what merchants and their customers are looking for. .

EMV 54

EMV Visa Security Credential 54

PYMNTS

DECEMBER 17, 2018

EMVCo , the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification v2.2.0. The EMV3DS version 2.2.0 The EMV3DS version 2.2.0

EMV 53

EMV Consumer Authentication Authentication Issuers 53

Braintree

OCTOBER 4, 2019

Thanks to EMV chip technology, Australian merchants have enjoyed a significant reduction of fraudulent in-person credit card transactions, with losses from counterfeit/skimming fraud at their lowest since 2006. High-risk” merchants that neglect to use 3DS to authenticate transactions risk an increase in declines.

Mitigation 52

Mitigation Authentication Credit Cards Issuers 52

PYMNTS

AUGUST 3, 2016

1, 2015 EMV liability shift. Mastercard has helped over 150 countries adopt EMV, and time and again, we’ve seen the same result: significant reductions in counterfeit card fraud,” Chiro Aikat, SVP of product delivery for EMV at Mastercard, said in a press release. Today, Mastercard announced that 80 percent of its U.S.

EMV 43

EMV Visa CHIPS Chip Cards 43

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV 40

EMV Authentication Card Issuer Issuers 40

PYMNTS

OCTOBER 18, 2018

“With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,” said Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance for Mastercard.

Visa 87

Visa Contactless Payments Authentication EMV 87

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. These digital-first solutions are especially popular among younger generations, who value convenience and security features like biometric authentication. As these platforms grow in both usage and trust, the card industry faces potentially eroding its customer base.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Fintech Finance

DECEMBER 6, 2023

Issuer processing powerhouse Enfuce , today announces it is expanding its partnership with Visa with the launch of Visa’s cutting-edge mobility card solution, the ‘Visa Fleet 2.0.’ The card will help card issuers right across Europe thrive in the current market, while also equipping them for the fossil-free future.

Issuers 52

Issuers Card Issuer Fraud Prevention EMV 52

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

PYMNTS

JULY 15, 2019

In a new PYMNTS interview, Simon Armstrong, vice president of products for Entersekt , discussed the June release of the long-anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0. And in August of last year, EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform.

EMV 58

EMV Issuers Security Transactions 58

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

MARCH 13, 2019

In other words, friction with a dash of intelligence mixed into the process can cut down on fraud, which helps, well, everybody in the commerce ecosystem — from consumers to issuers to merchants. Merchants, the company said, can access fraud and transaction dispute data from card issuers via a portal or API.

Visa 74

Visa Disputes Issuers Authentication 74

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Almost ten years later, the US tried the technology, and it was four years after that when all EMV cards became NFC-equipped. The authentication methods verify each party’s identity before exchanging sensitive information.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

Stax

MARCH 15, 2024

EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes. These include: Passwords.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The latest PSD2 Tracker looks into how EU merchants and retailers could leverage biometric authentication to better comply with SCA. Previous efforts for the U.S.

Compliance 52

Compliance Authentication Online and Mobile Banking Privacy 52

PYMNTS

NOVEMBER 9, 2016

Late last month, EMVCo published the EMV 3-DS 2.0 Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0. One of the biggest changes wrought by 2.0,

Security 76

Security Payments Authentication Issuers 76

PYMNTS

DECEMBER 21, 2018

Take the transition to EMV in the U.S., Before the liability shift in 2015, the industry-wide prediction was that the onset of EMV would reduce occurrences of counterfeit card fraud in-store, but that the industry should expect to see a spike in card-not-present (CNP) fraud as fraudsters moved to easier targets. “We

EMV 74

EMV Push-to-Card Fraud Prevention Rules 74

PYMNTS

JANUARY 30, 2020

Encouraging use of EMV cards rather than magstripes helps protect consumers against card skimming, and many payments industry players are exploring biometric payment authentication and other methods as well. Card issuers, networks and retailers all must play a part in defending against such breaches.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

PYMNTS

DECEMBER 23, 2016

Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. With the EMV liability shift taking effect in October 2015, the part of the merchant community in the United States that hadn’t migrated to EMV saw chargebacks for counterfeit card fraud skyrocket.

CHIPS 53

CHIPS EMV Payments Contactless Payments 53

PYMNTS

OCTOBER 18, 2018

The suite, which debuted this week , enhances the security of stored card credentials, boosts authentication efforts to reduce checkout error and reduces the time to checkout. The company is also working with issuers, including Citi and Fifth Third Bank, to convert cards on file into tokens.

Visa 60

Visa Credential Issuers eWallet 60

EBizCharge

MAY 15, 2024

Here are some fundamental terms to understand: Merchant account Payment gateway Payment processor Acquirer Issuer Merchant account A merchant account is a specialized bank account that allows businesses to accept customer payments through credit cards and other electronic payment methods.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

JUNE 9, 2020

Mastercard’s Click to Pay solution is built on EMV standards, and it launched in the U.S. Citi now becomes the first issuer in the U.S. Cardholders, he said, simply have to accept terms and conditions, or complete a two-factor authentication, and then no longer need to type in any other information.

Visa 56

Visa Online and Mobile Banking Push-to-Card Enrollments 56

PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). The new strategy relies on digital signatures for authentication instead of real user data. Around The Digital Fraud World.

AI 60

AI Point-of-Sale (POS) Card Issuer Credit Cards 60

PYMNTS

OCTOBER 16, 2017

In that case, the one generating the token is not the payment scheme or the issuer, but the party who has requested the credentials, said Bouda. Payment tokens are issued by TSPs – the card schemes – at the request of a token requestor, such as an issuer, merchant or digital wallet.

Issuers 40

Issuers Credential Online and Mobile Banking Authentication 40

PYMNTS

AUGUST 1, 2016

No incessant authentication requests … all without sacrificing their security. On Wednesday, August 31, 2016 at 1:00 PM (EST), join James Jenkins, Director, CA Technologies and Karen Webster, CEO, Market Platform Dynamics as they discuss why banks and card issuers are at a pivotal juncture to embrace digital business transformation.

Payment Security 40

Payment Security Security Fraud Detection Card Issuer 40

PYMNTS

APRIL 18, 2018

Credit and debit cards don’t come in different shapes or sizes — and even in the era of EMV, they still have mag stripes to make them useful at merchants that don’t yet accept chip cards. That’s not the case in the digital world. There isn’t a standard today for how consumers and merchants transact when shopping online.

Interoperability 46

Interoperability EMV Chip Cards Issuers 46

PYMNTS

OCTOBER 19, 2017

In the era of EMV and ever-improving biometric authentication methods, she noted, it is a protocol that has simply outlived its usefulness. Kirkpatrick acknowledged that requiring a signature at checkout is a holdover from the days of only plastic cards, when signatures on the back of cards served a purpose.

Visa 61

Visa EMV Issuers Transactions 61

PYMNTS

JULY 5, 2018

Now, said Bouda, network tokens have also been developed to leverage the EMV standards that were introduced by card networks when contactless mobile wallets made their debut in 2014. The problems of security, data breaches, identity verification and user authentication just keep getting bigger. Network Tokens.

EMV 41

EMV Mitigation Credit Cards Data Breach 41

PYMNTS

MARCH 17, 2017

Much of the time, fraud involves a voice transaction — with a credit card issuer, a retailer or somewhere else along the chain,” Dewey said, noting that it’s often much easier to for fraudsters to find or even guess the answers to knowledge-based authentication questions than to guess a password. While the roll-out of EMV in the U.S.

Credit Union 42

Credit Union Credit Cards Payment APIs and Integration Issuers 42

PYMNTS

NOVEMBER 23, 2018

To learn more about that opportunity, and that value, and what it all means specifically for issuers, PYMNTS recently caught up with Danny Rogers, CEO of Terbium Labs , a dark web data intelligence company. In short, financial institutions that set up what amounts to an early warning system for Dark Web activity can find value in that.

Account Takeovers 73

Account Takeovers Push-to-Card Issuers Credit Cards 73

Stax

NOVEMBER 6, 2023

Major card issuers such as Visa, MasterCard, and American Express each have hundreds of millions of NFC-enabled (near-field communication) debit and credit cards in circulation. Users also have added security layers like biometrics or passcodes for authentication. Why Is Adding Mobile Payments Important to Businesses Today?

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. The good news about EMV, Williams noted, is that it did make a notable dent in card-present fraud. The changing commerce landscape.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

PYMNTS

JANUARY 31, 2020

Consumers appear to be moving their debit payments away from brick-and-mortar stores toward eCommerce channels, meaning FIs and card issuers must work to support them while minimizing online security risks. FIs have long been aware that relying on knowledge-based authentication (KBA) goes only so far. Holistic Security.

ATM 59

ATM Debit Card Fraud Detection Credential 59