EMV 3DS: Enhancing Secure, Convenient Authentication for New Digital Channels and Devices
Obtain firsthand insights from EMVCo on how EMV 3DS can help fight CNP fraud and improve customer experience simultaneously.
Appetite for payments via smart speakers, gaming and other IoT devices demands a streamlined authentication process, and this presentation highlights effective methods for achieving that goal.
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As the revised version of the Payments Service Directive (PSD2) continues to impact eCommerce in Europe and beyond, it’s important to carefully examine how merchants and other payments professionals are implementing and adapting to the directive.
This informative presentation explores questions from the European Commission to the Payment Systems Market Expert Group (PSMEG), along with the group’s responses on the various impacts and implementation of PSD2. This document provides useful insights into the status of implementation, including what could be improved going forward.
Also included is a convenient collection of related acronyms for reference.
When it comes to 3DS implementation, it’s not just Abandonment you need to worry about. Errors in the set-up at the Issuer or ACS side stop the challenge flow, and the options available to how people authenticate is also not always straightforward on a country-by-country basis.
This presentation provides merchant strategies to mitigate these concerns.
As more merchants continue to adapt to PSD2, it’s time to examine how to incorporate CX into the thinking around fraud prevention.
This presentation explores that balance, by taking a deep dive into the dark web to surface fraudsters' responses to the new regulation, uncovering incentives to maintain low fraud rates under PSD2, examining why relying on 3DS alone is an insufficient fraud-protection tactic, and providing a quantitative analysis of the TRA.
Changing consumer behaviors, the acceleration of digital transformation, and the scaling of new digital commerce models are helping to lift eCommerce spending to record levels. For merchants, this is a time of great opportunity and risk alike.
But the industry is not defenseless against CNP fraud - the EMV 3-D Secure protocol has proven an effective defense against criminals who attempt to use stolen credit account information or hijack customer identities to defraud merchants. However, analysis shows the adoption of 3-D Secure has not been uniform across regions and markets.
This presentation explores methods for effectively navigating EMV 3DS and driving revenue by improving customer experience while simultaneously reducing risk.
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On October 1st, a new regulation on recurring payments in India defeated almost any SaaS business -local or domestic. The Reserve Bank of India implemented new rules for recurring online transactions, making Additional Factor Authentication (OTP verification) mandatory for recurring payments. And this is just the latest example. How does Spotify guarantee that users in Argentina will not have their subscription disrupted because a local credit card didn’t fit their global payment infrastructure? How do you make sure entertainment subscribers in emerging markets enjoy the same outstanding customer experience as subscribers in the established U.S. market, without being kicked out of their subscription due to the unfulfillment of local regulations? Merchants are expected to keep up with tax and compliance rules, navigate the plethora of local payment methods, and stay agile to dodge low transaction rates and high fraud potential. Sound overwhelming? It doesn’t have to be.
dLocal’s session covers the strategies for delivering a seamless customer experience, remaining compliant with regulation and maintaining necessary security protocol. Throughout the session, we will discuss SCA, 3 DS authentication and how to successfully implement subscription payments in emerging markets, such as Brazil, Mexico, Nigeria, and India, where local payment infrastructure gaps exist. We will dive into the specifics of making the most of local cards and bank transfer and tokenization options; subscription logic handling; the use of direct debit in select markets; and the use of alternative payment methods as a payment recovery mechanism.
- Understand the complexities of fraud regulation in emerging markets
- Evaluate the benefit/risk of alternative payment methods
- Gain a bright overview of the current state of alternative payment methods and fraud prevention management in emerging markets such as Africa, Asia and Latin America.
However, the nature and impact of this impending regulation is yet to be determined and ultimately, merchants must make preparations for all outcomes in order to make the most of any upcoming changes.
In this webinar, we bring the focus back to individual merchants. Our payments experts will explore the 6 key points from the RBA’s consultation, from interchange fee changes to Buy Now Pay Later, asking what the proposals could mean for you, how to make the most of them, and whether they go far enough to protect merchants in the long-run.
The MRC routinely receives inquiries requesting insight on how a fraud prevention unit can be established at a company from the ground up. In this whitepaper, the MRC, in conjunction with a working group of the MRC Fraud Community, delves into current trends, the regulatory landscape, and how these factors can affect both the role and structure of a fraud prevention group. Accountability and staffing are detailed next, followed by a brief look at training resources. Comprehensive information on common key performance indicators is also included, covering KPIs for chargebacks, risk operations, and fraud analysts. The paper closes with key benchmarking results from the MRC Global Fraud Survey and an appendix on KPI calculations.