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The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the US EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments [...]

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In recent years, the payments industry has started to view the growing Card Not Present fraud problem through an entirely different lens. Today, the overwhelming consensus is that the Card Not Present fraud problem, while increasingly costly, ultimately drives a much larger card acceptance problem. To combat the rise in Card Not Present fraud, both [...]

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EMVCo has published EMV 3-D Secure Protocol and Core Functions Specification v2.0.0 (EMV 3DS 2.0 Specification). The new specification provides a globally interoperable framework that promotes a consistent consumer experience across all e-commerce channels and connected devices when authenticating a cardholder. The specification is available, royalty free, from the EMVCo website. 3-D Secure (3DS) is [...]

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iovation and Aite Group have developed an impact note entitled “EMV: Issuance Trajectory and Impact on Account Takeover and CNP.” The report calculates that card not present fraud – fraudulent transactions where a credit card is not physically presented to a merchant – will cost retailers and financial institutions $7.2 Billion in the United States by the end of 2020. [...]

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