Home Posts tagged "Card Present"
formats

Both Card Present and Card Not Present Fraud Grew in 2016

According to estimates from Javelin Strategy and Research, there was an 8 percent increase in U.S. consumers impacted by payment card fraud at the point-of-sale in 2016, while those victimized by card not present fraud grew at a much larger rate. Although the industry was bracing for an increase in CNP fraud with the rollout

(More)…

 
Comments Off on Both Card Present and Card Not Present Fraud Grew in 2016.
formats

Visa Working with Issuers to Expand use of Mobile Geolocating to Verify Card Present Transactions

Visa has partnered with Finsphere, a geospatial analytics company, to provide location information of mobile devices at the time of a card transaction. The card network is now working with card issuers to embed the mobile geolocation features in their mobile banking apps and estimates that 30 percent of wrongly declined transactions can be stopped.

(More)…

 
© The Fraud Practice LLC 2012