This free white paper explains the projected impacts on CNP fraud as well as how to protect yourself against elevated risk.
As EMV rolls out in the US, CNP fraud is predicted to more than double by 2018 as card-present fraud is virtually eliminated.
Given the recent data breaches and overall increase in e-commerce fraud, account takeover and card fraud are top of mind for merchants. EMV will accelerate these risks and threats for CNP transactions.
So what should CNP merchants be doing to strengthen their risk management against emerging and increasing threats online?
Learn how the projected growth rate of both e-commerce and CNP fraud and understand how the EMV roll-out will compound this already alarming problem. You will also learn some prudent, preventative measures to consider in advance of EMV implementation to protect their business as the CNP landscape evolves.
OUTSIDE SPECIALISTS CAN HELP STREAMLINE OPERATIONS
Working with a specialist can not only minimize the internal cost of time and resources but also can provide overall risk mitigation strategy and maximize ROI.
Verifi’s Intelligence Suite provides fraud controls based on real-time analytics and feed-back loops, allowing merchants to remain agile, adjust on-the-fly and dial back front-end protection to maximize sales. The hub can be configured simply and corrected with our Intelligence Suite rules engine and gives merchants the ability to test and toggle various fraud prevention tools and customize continuously based on results. It’s also a great tool for customer resolved post sale, allowing merchants to minimize fraud loss without losing sales on the front-end to false positives or overly restrictive pre sale fraud policies.
There is no one “silver bullet” to protect card-not-present transactions from fraud. History has shown that EMV can be very CNP commerce is at risk. With proper preparation, merchants can mitigate this risk and ensure the protection of their online transactions.
Safeguarding against the upcoming onslaught of CNP fraud will prove to be a full-time task that may best be achieved augmented with additional fraud prevention measures. Merchants need a layered and balanced approach to fraud prevention that implements both network security measures (3D Secure) and a unique combination of tools tailored to the business needs and its particular fraud and risk situation. By leveraging proven technologies to evaluate and analyze the type of fraud they are experiencing and tailoring solutions to their business, merchants can achieve thorough fraud prevention without turning away good sales.
GET THE WHITE PAPER AND LEARN HOW TO PROTECT YOUR PAYMENTS TODAY