Mitigating Fraud Risk in the Card-Not-Present Environment
نویسنده
چکیده
The Federal Reserve Banks of Boston and Atlanta convened a meeting of the Mobile Payments Industry Workgroup (MPIW) in November 2015 to discuss payments in the card-not-present (CNP) environment. Not only are consumers increasingly using mobile devices to initiate CNP payments; but the e-commerce fraud rate in the U.S. is expected to increase significantly as EMV2 chip card migration progresses. Based on these two trends, the MPIW focused on: (1) differences between e-commerce and m-commerce;3 (2) vulnerabilities and fraud associated with CNP transactions; and (3) fraud and risk management solutions to combat CNP fraud.4
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تاریخ انتشار 2016