Device Fingerprinting Solutions are a key tool in a CNP fraud prevention strategy.
If you are considering device fingerprinting, then you understand that merchants must continually protect card-not-present (CNP) revenue from a variety of digital onslaughts, and more so than ever, be vigilant against online fraud. Identity fraud incidents affected 5.26% of adults in the country in 2012, driven largely by ballooning increases in new account fraud (NAF) and account takeover fraud (ATF).
More chilling is the fact that the online epidemic shows no sign of slowing:
- 61% of organizations experienced attempted or actual payments fraud
- 27% of them report that the number of fraud incidents increased3
- 16% report that the number had decreased
- The typical loss due to payments fraud was $20,3005
Digital device fingerprinting is helping online retailers fight back against cyber crime. Are you using this latest tool to protect your business?
Download our latest white paper and help stop online and card not present fraud with digital device fingerprinting.
Since 2005, Verifi has been a leading provider of global electronic payment and full-suite risk management solutions, helping card-not-present merchants improve their bottom line with industry-leading funds recovery rates of over 50%*. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi’s suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing profitability for clients, Verifi’s multi-layered approach enables transaction risk manage- ment and mitigation, business optimization strategies, cardholder authentication and chargeback representment for all major credit card brands. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California.