Consultant Fraud Risk Management at a financial services firm with 501-1,000 employees
Consultant
Apr 24, 2017
Card holders have to step up for authentication. The fraud rates dropped for card not present fraud. We see that the non-3D Secure fraud is rising as well as account takeovers. That's why I think it's very good to have such a product in place. When selecting a vendor, I want them to be straightforward, do a lot of innovation, and be a step upfront of the issues as needed. I think those are the most key and important things that we expect.
Consultant Fraud Risk Management at a financial services firm with 501-1,000 employees
Consultant
Apr 24, 2017
Card holders have to step up for authentication. The fraud rates dropped for card not present fraud. We see that the non-3D Secure fraud is rising as well as account takeovers. That's why I think it's very good to have such a product in place. When selecting a vendor, I want them to be straightforward, do a lot of innovation, and be a step upfront of the issues as needed. I think those are the most key and important things that we expect.
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Card-not-present (CNP) fraud costs billions of dollars annually across the globe. Issuers, processors and merchants need new applications to fight back with security that doesn’t get in the way of business.
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Card holders have to step up for authentication. The fraud rates dropped for card not present fraud. We see that the non-3D Secure fraud is rising as well as account takeovers. That's why I think it's very good to have such a product in place. When selecting a vendor, I want them to be straightforward, do a lot of innovation, and be a step upfront of the issues as needed. I think those are the most key and important things that we expect.
Card holders have to step up for authentication. The fraud rates dropped for card not present fraud. We see that the non-3D Secure fraud is rising as well as account takeovers. That's why I think it's very good to have such a product in place. When selecting a vendor, I want them to be straightforward, do a lot of innovation, and be a step upfront of the issues as needed. I think those are the most key and important things that we expect.