article thumbnail

EMV 3DS: Closing the Card Present/Card Not Present Auth Rates Gap

PYMNTS

But Co-Founder and CEO Yitz Mendlowitz told Karen Webster in a recent conversation on 3-D Secure 2.0 Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. that’s not the case much anymore.

Cards 293
article thumbnail

Fight Card-Not-Present Fraud In A Card-Not-Present World

PYMNTS

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction.

Cards 197
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unlocking Apple’s NFC: Is it time for your banking app to become a full digital wallet?

Accenture

In October 2024, Apple is set to open its NFC (Near-Field Communication) technology using the Secure Element (SE) to third-party platforms, ushering in a new era of competition and innovation in digital wallets.

Apple 358
article thumbnail

Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

Michigan 163
article thumbnail

How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note

PYMNTS

It also examines how merchants and financial institutions (FIs) are responding and working to enable easy contactless and online purchasing while keeping such card-not-present (CNP) transactions safe. How Music Retailers Can Harmonize Security And Seamlessness. Deep Dive: Keeping Security Present Even When Cards Are N ot.

Cards 162
article thumbnail

Person Present: The Future Of Card Not Present Identity Verification

PYMNTS

The public has become very aware of security incidents that have compromised their data and that of others, and it’s making them ask the tough questions: What does identity mean to them? Who are they, who has their documents and data and how are those things being stored and secured? The Social Security number won’t help.

Cards 156
article thumbnail

Security challenges keeping you up at night? WFH IT solutions here.

Bank Innovation

A: An increase in IT complexity and security risks. Nutanix presents this webinar to […]. Q: What do you get when you combine a fully remote workforce with an all-digital customer base?

Security 259