PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Multilayered Authentication Best Practices for CNP Merchants After the EMV Migration

Matthew Katz by Matthew Katz
April 13, 2016
in Industry Opinions
0

Beautiful woman enjoying life at the beach. Summer vacation concept

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Less than a quarter of 48 national retailers surveyed recently said they have implemented EMV technology. While the migration has turned out to be a marathon rather than a sprint, the impacts have been seen fairly quickly. As 2016 progresses, more CP (card-present) merchants will integrate card-chip compatible terminals into their POS (point-of-sale) systems. Although complete migration is expected to take up to seven years, CNP (card-not-present) merchants will struggle with increased fraud as criminals shift online to more vulnerable remote payments.

Multilayered authentication is critical for preventing card-not-present (CNP) fraud. A layered approach enables merchants to safeguard payments at all levels. Combined with the industry best practices outlined below, merchants can offset the detrimental impacts of EMV on CNP payments and fraud.

Authentication
Authentication is a way for merchants to validate both the legitimacy of the card itself as well as the identify of the person attempting to use it to make a purchase. Authentication is a top priority in the fight against CNP fraud because the merchant cannot view the actual credit card. There are a variety of ways to authenticate CNP payments:

•

Tags: EMVFraud Risk and AnalyticsMerchant Acquiring
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    February 8, 2023
    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix