The Fraud Practice and CardinalCommerce launch the 2017 Consumer Authentication Survey inviting all payment and risk industry stakeholders to particpate in the 4th edition of this annual study. All who complete the survey will be entered in up to five drawings to win a new Amazon Echo voice-controlled speaker.
About The Fraud Practice
The Fraud Practice is a privately held US corporation based in Sarasota, Florida. The Fraud Practice provides consulting services on eCommerce payments, fraud prevention and credit granting as well as prepared research and training for payment and fraud professionals. Businesses throughout the world rely on The Fraud Practice to help them build and manage their payment, fraud and risk prevention strategies.
About Cardinal- Commerce
CardinalCommerce has been a pioneer and global leader in enabling authenticated payment transactions in the card-not-present payments industry since 1999. Through One Connection to our proprietary SafeCloudTM payment platform, CardinalCommerce enables friction-free, technology-neutral authentication and alternative payment services (including digital wallets and mobile commerce services). Cardinal services, partners with and complements most providers in the marketplace to deliver their one connection solution to secure transactions. In accommodating this growing number of payment brands and methods, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies.
Press Release:The Fraud Practice and CardinalCommerce Launch the 4th Annual Consumer Authentication Survey
Sarasota, FL, October 20, 2016 / The Fraud Practice, Inc.
Take the 4th Annual Consumer Authentication Survey today for a chance to win one of five Amazon Echo voice-activated Bluetooth speakers. Prize raffles will be held weekly for the next five weeks with all who completed the survey entered in each weekly drawing. The earlier the survey is completed, the more chances there are to win.
The Fraud Practice and CardinalCommerce launched of the 4th Annual Consumer Authentication Survey this week, extending an open invitation for all eCommerce and multi-channel merchants, acquirers, card issuers, payment service and fraud solution providers to take the survey and provide feedback that can help shape the industry. After three successful years of learning more about how organizations implement, use and benefit from Consumer Authentication, the fourth installment of this annual survey seeks to continue measuring not just how many organizations support these programs, but how they use or implement them and what are their results. One of the priorities of this annual study is to keep track of several awareness, use and satisfaction metrics around Consumer Authentication services as these programs continue to evolve.
The first three years of the Consumer Authentication Survey showed several strong signs regarding education and awareness around these programs. In each of the three years of the Consumer Authentication Survey thus far, use and support of these programs has increased while the level of sophistication amongst merchants using Consumer Authentication has shown measurable improvements as well. More organizations are using Consumer Authentication selectively, and considering a larger variety of signals and transaction characteristics to decide when to present authentication. This observed increase in awareness of and use of Selective Presentment is correlated with a reduction in merchants who use these programs reporting any negative impacts on sales conversion or the user experience.
Hoping to continue the success of the first three years of the Consumer Authentication Survey by providing valuable findings and results, the fourth annual edition will continue to measure the changes in use, support, satisfaction and results regarding the use Consumer Authentication in eCommerce. EMVco plans to release the final 3DS 2.0 specification by the end of 2016, which seeks to increase support for in-app and mobile purchases, support authentication within digital wallets and provide several other features and enhancements.
Now is as critical of a time as ever to collect feedback and learn from the experiences and sentiments of industry stakeholders as it pertains to Consumer Authentication. Whether or not an organization uses or supports any of these programs today, their perspectives on the state of Consumer Authentication currently and what they expect from it in the near future are highly valued and can have an impact on the payment and risk industries
Please be sure to take the Consumer Authentication Survey this week. All who complete the survey will be entered in up to five drawings to win a brand new Amazon Echo speaker, and will also receive an advance copy of the Consumer Authentication Survey Report before the full public release in early 2017.
The survey will remain open for five weeks with prize drawings occurring at the end of each week. You only need to take the survey once and your entry will be entered in that week’s raffle and all subsequent prize drawings (winners are removed from future prize drawings). The earlier you take the survey, the more chances there are to win. Be sure to complete the survey by November 20th to have a chance to win.
Just a few months before the expected release of 3DS 2.0, EMVco and the Payment Card Industry (PCI) Security Standards Council jointly announced they will be collaborating to support the upcoming launch of the new 3-Domain Secure 2.0 protocol and specifications.
Provides an in-depth discussion on what 3-D Secure Consumer Authentication programs are, how they work and the various parties that are involved. These programs are explained in the context of the benefits and value they provide organizations while including specific details around implementation options and liability shift requirements.
- Use of Consumer Authentication in eCommerce, Annual Survey 2016 White Paper - Download last year's survey report which discusses findings, perspectives and information related to the market sentiment, usage and implementation of Consumer Authentication programs such as Verified by Visa and MasterCard SecureCode.
- Fraud Library Technique Page: Consumer Authentication
- Article: An Option to Implement 3-D Secure Programs that Actually Makes Sense - Major market changes have made it worthwhile to reconsider 3-D Secure Consumer Authentication programs. Mandates and global adoption has greatly increased in recent years, and as the US transitions to EMV cards it is likely that even more fraud attempts will shift to the online channel.