article thumbnail

EMVCo Updates Protocol To Prevent CNP Fraud

PYMNTS

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
article thumbnail

Study: Merchants To Lose $130B In Digital CNP Fraud

PYMNTS

were caught up “in a perfect storm” of rapid online sales growth and the transition to EMV chip technology , leaving merchants vulnerable to CNP fraud. With that in mind, EMV recently announced that it had updated its protocol to prevent this type of fraud. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV 60
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. Getting the European Union on the path to 3D Secure 2.0 also known as 3DS 2.0

article thumbnail

EMVCo Launches 3DS Test Platform

PYMNTS

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
article thumbnail

Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

It’s probably fair to say that the Equifax hack is to consumer authentication what Target was to EMV at the physical point of sale: a catalyst for change. I think we all know the answer to that question now.

article thumbnail

Fraud Prevention: Don’t Worry – Be Happy?

PYMNTS

was nearly one of the “last to the EMV table,” a lot of lessons could be learned from the markets that came before. Mobile can serve as a very unique identifier when it comes to consumer authentication. “A consumer’s identity becomes both them as a person as well as the device and how it is used,” Alexander said.