Card not present transaction

Credorax Launches Cutting-edge Chargeback Prevention Solution

Retrieved on: 
Tuesday, July 20, 2021
Finance, Banking, Professional services, Technology, Software, Money, Finance, Merchant services, Financial services, Payment systems, Credit cards, Online payments, Chargeback, Acquiring bank, Verifi, Credit, Card not present transaction

Leading smart payments provider and merchant acquiring bank, Credorax, has announced it is upping the ante in the world of fraud protection and chargeback mitigation by launching a cutting-edge solution to preventing chargebacks.

Key Points: 
  • Leading smart payments provider and merchant acquiring bank, Credorax, has announced it is upping the ante in the world of fraud protection and chargeback mitigation by launching a cutting-edge solution to preventing chargebacks.
  • Credoraxs Chargeback PREVENTION marks a landmark partnership with Ethoca (owned by Mastercard), the leading, global provider of collaboration-based technology, and Verifi (a Visa solution), the leading provider of transaction risk management services for card-not-present merchants.
  • Chargeback PREVENTION is part of the Credorax Risk Management suite and protects merchants from fraud and chargebacks through every stage of the transaction lifecycle.
  • Credorax also provides dedicated training to help merchants become familiar with Credoraxs fraud and chargeback prevention tools and optimise them based on a merchants particular specifications.

Revelock Unveils New Fraud Detection & Response (FDR) Platform For Financial Institutions to Continuously Protect Against Fraud

Retrieved on: 
Wednesday, April 21, 2021
Articles, Fraud, Crime, Money, Crimes, Property crimes, Deception, Tort law, Financial technology, Card not present transaction, 3-D Secure

b'MADRID, April 21, 2021 /PRNewswire/ --Revelock, the pioneer in behavioral biometric based online fraud prevention (formerly known as buguroo), has today announced the launch of the Revelock Fraud Detection & Response (FDR) Platform.

Key Points: 
  • b'MADRID, April 21, 2021 /PRNewswire/ --Revelock, the pioneer in behavioral biometric based online fraud prevention (formerly known as buguroo), has today announced the launch of the Revelock Fraud Detection & Response (FDR) Platform.
  • "\nThe Revelock platform prevents Account Take Over (ATO) and provides continuous risk assessment and silent stepped-up authentication (MFA) to prevent New Account Fraud (NAF), and Card Not Present Fraud (CNP / 3D Secure).
  • Compliant with PSD2 and SCA, and Revelock protects more than 50 million banking customers worldwide.\nRevelock enables financial services and fintech companies to reveal and respond to online identity impersonation & manipulation attacks without hindering the customer experience.
  • Revelock Active Defense capabilities give Fraud Fusion Center analysts full control over automated risk mitigation and Revelock Pre-emptive Defense enables analysts to use Revelock Hunter to discover and disrupt mule networks and previously undetected compromised accounts.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/revelock-unveils-new-fraud-detec...\n'

Chargeback Expert Sebastian Robins Joins Chargeback Gurus to Increase Revenue Recovery & Reduce Chargebacks for Online Retail Businesses

Retrieved on: 
Thursday, April 15, 2021
Merchant services, Chargeback, Money, Finance, Card not present transaction, Economy, Internet fraud prevention

b'MCKINNEY, Texas, April 15, 2021 /PRNewswire-PRWeb/ -- Chargeback Gurus, a leading provider of chargeback management services, announced today that Sebastian Robins joined the company to lead their Dispute Intelligence Team.

Key Points: 
  • b'MCKINNEY, Texas, April 15, 2021 /PRNewswire-PRWeb/ -- Chargeback Gurus, a leading provider of chargeback management services, announced today that Sebastian Robins joined the company to lead their Dispute Intelligence Team.
  • Sebastian\'s arrival will support our rapid growth and leadership position," said Suresh Dakshina, President of Chargeback Gurus.
  • "\nChargeback Gurus is a global leader in managing, preventing, and fighting ecommerce fraud and chargebacks.
  • Their white glove service is designed to take the pain out of chargebacks for any card not present merchants.

Secure Technology Alliance to Host Webinar on Dynamic Security Code Cards

EMV, Money, Card not present transaction, Finance, Payment systems, Financial services, Mobile payments, Credit cards, Ubiquitous computing

PRINCETON JUNCTION, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- The Secure Technology Alliance today announced a webinar for payments industry leaders looking to dynamic security codes for more secure e-commerce transactions.

Key Points: 
  • PRINCETON JUNCTION, N.J., March 02, 2021 (GLOBE NEWSWIRE) -- The Secure Technology Alliance today announced a webinar for payments industry leaders looking to dynamic security codes for more secure e-commerce transactions.
  • The webinar, Dynamic Security Code Cards, will be held March 23, 2021 at 2 pm ET/11 am PT.
  • Securing online transactions is top-of-mind for retailers, issuers, and everyone in-between, said Jason Bohrer, executive director of the Secure Technology Alliance.
  • Attendees of the webinar will come away with a better understanding of:
    The prevalence of card-not-present fraud after the migration to EMV and the recent increase following the pandemic, including the impact on stakeholders
    Benefits of dynamic security code cards, including increased security, a familiar consumer experience and transparency to merchants
    Advantages of dynamic security code cards for issuers, merchants, and consumers
    This webinar was developed by the Secure Technology Alliance Payments Council .

Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D

Retrieved on: 
Thursday, February 25, 2021
Information technology, Crime, Vesta, Palantir Technologies, Fraud, Melby, Card not present transaction, Computing

Melby joins Vesta with over 15 years' experience in data science and data engineering, most recently leading Capital One's Fraud Data Science team.

Key Points: 
  • Melby joins Vesta with over 15 years' experience in data science and data engineering, most recently leading Capital One's Fraud Data Science team.
  • "Vesta brings a wealth of experience fighting fraud and growing approvals on a global scale and already boasts industry-leading machine learning capabilities.
  • In addition to his experience at Capital One, Melby also previously held positions at Palantir Technologies and the MITRE Corporation.
  • Vesta is an end-to-end card-not-present (CNP) fraud prevention platform trusted by leading brands in telco, e-commerce, travel, banking, and financial services.

Community Federal Savings Bank Launches New Merchant Acquiring Division in Partnership with PayFacto Payments

Retrieved on: 
Thursday, December 3, 2020
Articles, Payment processor, Payments, Card not present transaction, Business, Economy

NEW YORK and MONTREAL, Dec. 3, 2020 /PRNewswire/ - Community Federal Savings Bank ("CFSB"), a federal savings association chartered by the Office of the Comptroller of the Currency, and PayFacto Payments Inc. ("PayFacto"), a leading provider of payment solutions and technologies, are pleased to announce that they have established a long-term strategic partnership to launch a new merchant acquiring division at CFSB for the US market.

Key Points: 
  • NEW YORK and MONTREAL, Dec. 3, 2020 /PRNewswire/ - Community Federal Savings Bank ("CFSB"), a federal savings association chartered by the Office of the Comptroller of the Currency, and PayFacto Payments Inc. ("PayFacto"), a leading provider of payment solutions and technologies, are pleased to announce that they have established a long-term strategic partnership to launch a new merchant acquiring division at CFSB for the US market.
  • Building upon its years of card payment network experience, CFSB will partner with PayFacto to bring merchant acquiring to its suite of services.
  • PayFacto is now bringing its expertise in both card present and card not present payment processing to the US market.
  • Boasting a vast range of products and services, PayFacto helps companies and organizations take control of their electronic transactions.

Advanced Fraud Solutions Releases Report on Prevalence of Card-Not-Present Fraud, BIN Attacks

Retrieved on: 
Wednesday, October 7, 2020
Crime, Identity theft, Credit cards, Money, Articles, Internet fraud, Property crimes, Credit card fraud, Card not present transaction, Fraud, Brute-force attack, Carding

HIGH POINT, N.C., Oct. 7, 2020 /PRNewswire/ --Advanced Fraud Solutions (AFS), a leading provider of card fraud detection software, today announced the release of a new report, Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud, on how fraudsters are leveraging exposed card information as well as using brute force BIN attacks to target card portfolios.

Key Points: 
  • HIGH POINT, N.C., Oct. 7, 2020 /PRNewswire/ --Advanced Fraud Solutions (AFS), a leading provider of card fraud detection software, today announced the release of a new report, Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud, on how fraudsters are leveraging exposed card information as well as using brute force BIN attacks to target card portfolios.
  • These brute force attacks, known as BIN attacks, can be difficult to spot and stop without a proactive fraud prevention alert system.
  • The report also highlights how to prevent CNP and BIN attacks using TrueCards AFS' omnichannel debit and credit card fraud prevention solution.
  • At Advanced Fraud Solutions, we know the best way to fight fraud is to prevent it.

buguroo launches behavioral biometric 3D Secure solution to curb Card-Not-Present fraud

Retrieved on: 
Thursday, September 24, 2020
Card not present transaction, Fraud, 3-D Secure, Economy, Debit card, Identity document, Payment systems, Biometrics, Business, Service industries, EMV, Credit card

MADRID, Sept. 24, 2020 /PRNewswire/ --buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced its 3D Secure solution to enable credit and debit card issuing financial organizations accurate and frictionless 3D Secure risky transaction verification.

Key Points: 
  • MADRID, Sept. 24, 2020 /PRNewswire/ --buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced its 3D Secure solution to enable credit and debit card issuing financial organizations accurate and frictionless 3D Secure risky transaction verification.
  • The new solution utilizes behavioral biometric analysis to quickly identify fraudulent eCommerce, Card-Not-Present (CNP) transactions and prevent lost revenue for card issuers and merchants.
  • The new 3D Secure offering part of buguroo's unique behavioral biometric customer identification capabilities detects CNP fraud at the point of the 3D Secure verification challenge.
  • "The buguroo 3D Secure offering is a go-to solution for card issuers looking to minimize fraud costs and ensure legitimate customers enjoy frictionless online transaction experiences."

RSA® Helps NewDay Power Fraud Detection and Manage the Growing Digital Risks of eCommerce

Retrieved on: 
Monday, July 6, 2020
Technology, Finance, Security, Banking, Accounting, Professional services, Software, Internet, Retail, Online Retail, Cryptography, Economy, EMC Corporation, RSA Security, Civil law common law), Card not present transaction, Authentication, E-commerce, 3-D Secure

RSA Adaptive Authentication for eCommerce helps card issuers and payments processors prevent more than 95 percent of fraud in card-not-present (CNP) e-commerce transactions and provide a frictionless authentication and shopping experience for cardholders.

Key Points: 
  • RSA Adaptive Authentication for eCommerce helps card issuers and payments processors prevent more than 95 percent of fraud in card-not-present (CNP) e-commerce transactions and provide a frictionless authentication and shopping experience for cardholders.
  • In an increasingly digital world, there is a growing consumer demand for secure and simple eCommerce transactions.
  • With millions of daily CNP e-commerce transactions, NewDay has selected RSAs fraud detection capabilities and expertise to help provide a consistent, convenient and secure online shopping experience for cardholders.
  • RSA Adaptive Authentication for eCommerce empowers card issuers and processors, like NewDay, to manage these digital risks and prevent fraud without compromising the customer experience.

Intellicheck Offers Free Fraud Protection to Financial Institutions and Retailers as Online Fraud Soars During Nationwide Stay-At-Home

Retrieved on: 
Tuesday, April 28, 2020
Banking, Software, Other Retail, Professional services, Online Retail, Internet, Discount, Variety, Department Stores, Technology, Convenience store, Security, Retail, Finance, Crime, Security, Human behavior, LinkedIn, Recruitment, Social media, Data breach, Card not present transaction, Fraud

Multiple financial institutions and retailers are using this tool to stop fraudulent account takeovers, new account openings and purchases in this increasingly person-not-present environment.

Key Points: 
  • Multiple financial institutions and retailers are using this tool to stop fraudulent account takeovers, new account openings and purchases in this increasingly person-not-present environment.
  • Intellicheck CEO Bryan Lewis said fraud is attacking the economic backbone of communities nationwide.
  • Verizons 2019 Data Breach Investigations Report found card-not-present fraud now accounts for nearly 75% of all card-related fraud.
  • For more information on Intellicheck, visit us on the web and follow us on LinkedIn , Twitter , Facebook , and YouTube .