Presentación de Amieto Montinari, de ChasePaymentech para el I Foro de Medios de Pago y Fraude Online organizado por adigital. (Madrid, 20 de diciembre de 2012).
In this webinar you will learn:
• Which benefits you gain from 3D-Secure 2.2 adaptations?
• Tips and tricks on how to make a seamless transition to 3DS 2.2 version!
• How to increase the security level and improve the user experience?
• Get an overview of 3D Secure from the expert perspective.
For more information contact us at https://3dsecure.asseco.com/
https://www.payu.co.za/business/payu-3d-secure/ | South Africans are still sceptical about the online market and that’s why it’s a good idea for all online merchants to invest in 3D Secure security systems. It makes ecommerce payments more trustworthy by reducing the risk of fraud and, therefore, inviting more consumers to buy goods online. Study this guide and start improving your online business.
Presentation by Kurt Schmid, Managing Director Digital Payment at Netcetera, at the Swiss Payment Forum, November 2018.
- Where we are coming from?
- Wallets, OEM Pays versus Issuer Pays?
- Proximity and eCommerce payment trends
- The business case and strategic value for issuers?
E-commerce transactions represent one of the most vulnerable industries and require additional protection against fraud. In order to grant this protection, 3D-Secure protocol was developed. More information on 3D-Secure verification process can be found at #UniPayGateway unipaygateway.com
In this webinar you will learn:
• Which benefits you gain from 3D-Secure 2.2 adaptations?
• Tips and tricks on how to make a seamless transition to 3DS 2.2 version!
• How to increase the security level and improve the user experience?
• Get an overview of 3D Secure from the expert perspective.
For more information contact us at https://3dsecure.asseco.com/
https://www.payu.co.za/business/payu-3d-secure/ | South Africans are still sceptical about the online market and that’s why it’s a good idea for all online merchants to invest in 3D Secure security systems. It makes ecommerce payments more trustworthy by reducing the risk of fraud and, therefore, inviting more consumers to buy goods online. Study this guide and start improving your online business.
Presentation by Kurt Schmid, Managing Director Digital Payment at Netcetera, at the Swiss Payment Forum, November 2018.
- Where we are coming from?
- Wallets, OEM Pays versus Issuer Pays?
- Proximity and eCommerce payment trends
- The business case and strategic value for issuers?
E-commerce transactions represent one of the most vulnerable industries and require additional protection against fraud. In order to grant this protection, 3D-Secure protocol was developed. More information on 3D-Secure verification process can be found at #UniPayGateway unipaygateway.com
A Complete Model of the Payment Service BusinessFrank Steeneken
This slide deck provides a complete picture of the underlying skeletal structure that holds every payment service business together while achieving its goals.
The model introduces a comprehensive framework for managing the complexity of the payment service business structure, and a reusable blueprint for visualizing how a payment service business enterprise actually does business. The model’s clearly-defined core-processes and their functions provide a powerful baseline for improving business performance.
By viewing the payment service business as a single system, fully independent of its implementation, the nature of its underlying core processes becomes clear. Then by managing and improving them as parts of a single system, substantial improvements can be made on critical success factors.
Payments terms can be extremely confusing even for the most advanced merchant. At Payfirma our mission is to equip all our customers with as much information as possible to make smarter business decisions. That starts with learning payments terms.
The end of passwords: Two-factor-authentication and biometrics are coming 2019JanSobczak5
Carsten Mürl
Director Product Management Master Card
Carsten Muerl ist bei Mastercard als Leiter des Bereichs Enterprise Security Solutions (Deutschland und Schweiz) für Sicherheitslösungen wie Authentifizierung, 3D-Secure oder Betrugserkennung verantwortlich. Er verfügt über mehr als 20 Jahre Erfahrung in der Payment-Branche. Zuvor war er bei der Deutschen Bank als Leiter des Kartenbereichs u.a. für neue Kartenprogramme wie die Debit Mastercard und die Einführung neuer Anwendungen wie der Card App oder Mobile Payment verantwortlich. An der Fachhochschule in Karlsruhe hat er Wirtschaftsinformatik studiert.
Discover why accepting contactless payments can boost your small business, increase your customers, their average spend and isn't as expensive as you might think. This free guide has all you need to know about the fast emerging technology of contactless card payment.
SITEC eCommerce Class 4
Title: Online Payment
Presenter: Chan Kok Long, Executive Director (iPay88)
Date: 11 August 2015
Venue: The Canvas @ Damansara Perdana
Founded in 2006, VTC Intecom is a subsidiary of Vietnam Multimedia Corporation (VTC), one of the largest corporations in Vietnam. VTC Intecom provides digital content products and services which include diverse offerings of online payment methods, online games, integrated portal solutions for e-government and more. VTC Intecom has over 16 million active accounts for digital content services and its annual income is over USD100 million. Customers can use VTC Pay - Payment Gateway and eWallet to make online transactions quickly, easily and securely via their eWallet accounts, domestic ATM cards, international cards, telecommunications prepaid cards,Vcoin prepaid cards, or hundreds of partnering merchant websites that integrate with VTC Pay.
El evento mas importante sobre ecommerce y negocios por internet.
Material de apoyo utilizado por el expositor presente en el eCommerce Latam, el cual es el evento más importantes de América Latina sobre: eCommerce -mCommerce – banca online y emprendedorismo y negocios por internet.
Para mas informacion sobre el evento ingresar en www.colombia.ecommercelatam.com.
Toda la informacion disponible sobre el eLabTour 2010 que se compuso por los 5 eCommerce Day culminando con el eCommerce Latam en www.ecommerceday.org
A Complete Model of the Payment Service BusinessFrank Steeneken
This slide deck provides a complete picture of the underlying skeletal structure that holds every payment service business together while achieving its goals.
The model introduces a comprehensive framework for managing the complexity of the payment service business structure, and a reusable blueprint for visualizing how a payment service business enterprise actually does business. The model’s clearly-defined core-processes and their functions provide a powerful baseline for improving business performance.
By viewing the payment service business as a single system, fully independent of its implementation, the nature of its underlying core processes becomes clear. Then by managing and improving them as parts of a single system, substantial improvements can be made on critical success factors.
Payments terms can be extremely confusing even for the most advanced merchant. At Payfirma our mission is to equip all our customers with as much information as possible to make smarter business decisions. That starts with learning payments terms.
The end of passwords: Two-factor-authentication and biometrics are coming 2019JanSobczak5
Carsten Mürl
Director Product Management Master Card
Carsten Muerl ist bei Mastercard als Leiter des Bereichs Enterprise Security Solutions (Deutschland und Schweiz) für Sicherheitslösungen wie Authentifizierung, 3D-Secure oder Betrugserkennung verantwortlich. Er verfügt über mehr als 20 Jahre Erfahrung in der Payment-Branche. Zuvor war er bei der Deutschen Bank als Leiter des Kartenbereichs u.a. für neue Kartenprogramme wie die Debit Mastercard und die Einführung neuer Anwendungen wie der Card App oder Mobile Payment verantwortlich. An der Fachhochschule in Karlsruhe hat er Wirtschaftsinformatik studiert.
Discover why accepting contactless payments can boost your small business, increase your customers, their average spend and isn't as expensive as you might think. This free guide has all you need to know about the fast emerging technology of contactless card payment.
SITEC eCommerce Class 4
Title: Online Payment
Presenter: Chan Kok Long, Executive Director (iPay88)
Date: 11 August 2015
Venue: The Canvas @ Damansara Perdana
Founded in 2006, VTC Intecom is a subsidiary of Vietnam Multimedia Corporation (VTC), one of the largest corporations in Vietnam. VTC Intecom provides digital content products and services which include diverse offerings of online payment methods, online games, integrated portal solutions for e-government and more. VTC Intecom has over 16 million active accounts for digital content services and its annual income is over USD100 million. Customers can use VTC Pay - Payment Gateway and eWallet to make online transactions quickly, easily and securely via their eWallet accounts, domestic ATM cards, international cards, telecommunications prepaid cards,Vcoin prepaid cards, or hundreds of partnering merchant websites that integrate with VTC Pay.
El evento mas importante sobre ecommerce y negocios por internet.
Material de apoyo utilizado por el expositor presente en el eCommerce Latam, el cual es el evento más importantes de América Latina sobre: eCommerce -mCommerce – banca online y emprendedorismo y negocios por internet.
Para mas informacion sobre el evento ingresar en www.colombia.ecommercelatam.com.
Toda la informacion disponible sobre el eLabTour 2010 que se compuso por los 5 eCommerce Day culminando con el eCommerce Latam en www.ecommerceday.org
PSD2, SCA and the EBA’s Opinion on SCA – DecodedTransUnion
The strong customer authentication (SCA) requirements under PSD2 are set to go live this September. Unfortunately, there’s a general opinion that many will not be ready, which has been echoed by the European Banking Authority (EBA). In their recent opinion on SCA, the EBA has conceded that there is a lack of preparedness, especially for downstream actors such as e-commerce merchants.
Join us as we walk through what the recent opinion means, including:
The role of 3-D Secure in meeting SCA requirements
What flexibility there may be in implementing SCA
Compliance with different authentication methods for SCA
Factors to consider when implementing an SCA solution
How to minimize the impact of SCA on your customer journey
This presentation was given Dave Witts (Creditcall's President of US Payment Systems) at the International Parking Institute (IPI) Conference & Expo on May 20, 2016.
B2B Digital Summit 2018 - SEO para proyectos B2BAdigital
Mª José Cachón, SEO Manager de MJ Cachón, desgrana los secretos del SEO para las empresas B2B, deteniéndose en los principales problemas y sus soluciones, en B2B Digital Summit 2018.
Presentación de Garrigues para la jornada "Nuevas reglas de protección de datos e ecommerce", celebrada el 5 de abril de 2018 y organizada por Adigital y el Foro de Marcas Renombradas.
Presentación de Confianza Online para la jornada "Nuevas reglas de protección de datos e ecommerce", celebrada el 5 de abril de 2018 y organizada por Adigital y el Foro de Marcas Renombradas.
México: Una oportunidad para empresas españolas digitalesAdigital
Presentación de MGO Firm para la jornada "México: Una oportunidad para empresas españolas digitales", celebrada el 10 de octubre de 2017 y organizada por Adigital, ICEX y Red.es.
Presentación de Antevenio para la jornada "México: Una oportunidad para empresas españolas digitales", celebrada el 10 de octubre de 2017 y organizada por Adigital, ICEX y Red.es.
México: Una oportunidad para empresas españolas digitalesAdigital
Presentación de Proméxico para la jornada "México: Una oportunidad para empresas españolas digitales", celebrada el 10 de octubre de 2017 y organizada por Adigital, ICEX y Red.es.
Presentación de Sarah Harmon, Country Manager de Linkedin Spain & Portugal para B2B Digital Summit 2017, celebrado en Madrid el 28 de junio de 2017 en Madrid. Evento organizado por Adigital.
Presentación para la mesa redonda sobre ecommerce de B2B Digital Summit 2017, celebrado en Madrid el 28 de junio de 2017 en Madrid. Evento organizado por Adigital.
Implicaciones del nuevo RGPD para las agencias digitalesAdigital
Presentación de Iñaki Uriarte, secretario general y responsable jurídico de Adigital, para la jornada "El nuevo reglamento de protección de datos en empresas de servicios de marketing" del 25 de abril de 2017 para Agencias Digitales.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. What’s 3D Secure
costing your business?
Amleto Montinari
Director of Strategy
Chase Paymentech Europe Limited
Chase Paymentech Europe Limited, trading as Chase Paymentech, is a subsidiary of
JPMorgan Chase Bank, N.A. (JPMC) and is regulated by the Central Bank of Ireland.
2. Background to Chase Paymentech
200+ Years
15 Years
50% of global
ecommerce
transactions*
222 500 Merchants
*approximately based upon 2009 figures
3. Agenda
Benefits and Challenges of 3D Secure
Discovering if there is a trend involving 3D
Secure
Reviewing present challenges and future
developments
4. Let’s look at the costs of fraud.....
Man Potential for
hours Chargebacks
RFI associated costs
Chargeback costs
False Lost Man Potential fines Potential inability to
Positives revenue hours process cards
5. Fraud Management Systems are the answer
to fraud management…or are they?
£
€
$
£ €
£
$
Requests for
Lost Product Information Chargebacks
6. But Some Say…
“CNP fraud
Cardholder
dropped in the
Authentication is
UK by 19% to
the answer
£266.4m in 2009”
8. While The Data Say…
Relation between 3D Secure Enrollment and Lost checkouts
25%
Spain
20%
Dropped checkout rate because of
Australia
France Germany
Secure Enrollment
15% United States
Canada
10% Italy
5%
United Kingdom
0% 10% 20% 30% 40% 50% 60% 70%
Cancel Button Hit Rate for 3D Secure Enrollment – Liability Shift Still Applies
Merchant Positive – 3D Secure enrolment is not
The Efficient Markets – 3D Secure enrolment is
mandated and customer awareness does not matter as
mandated and customers enrol
customers do not have to enrol
Merchant Negative – 3D Secure enrolment is
mandated and customers do not enrol
9. Agenda
Benefits and Challenges of 3D Secure
Discovering if there is a trend involving 3D
Secure
Reviewing present challenges and future
developments
10. Is There a Trend?
Maestro India Italy Singapore Sweden Amex France
UK & EU • 2009 • 2009 • 2010 • 2010 • 2011 • Next
• 2008 one?
12. Agenda
Benefits and Challenges of 3D Secure
Discovering if there is a trend involving 3D
Secure
Reviewing present challenges and future
developments
13. “Technical”
challenges
Consumers like No visibility on
authentication results
14. 1. Technical Challenges
Cardholder Merchant
Card#
PAReq to ACS
PARes with AAV
Authentication
SecureCode
AAV
AAV
ACS 3D Secure
Directory
Authorization
AAV in UCAF field
0100
EPS-Net
0110
Issuer Acquirer
15. 1. 3DS chargeback liability matrix
Visa
o Reason Code 75 – Cardholder Does Not Recognize Transaction
o Reason Code 83 – Fraudulent Transaction, Card Not Present
MasterCard & Maestro
o Reason Code 37 – No Cardholder Authorisation
o Reason Code 63 - Cardholder Does Not Recognize Transaction
Consumer Cards: Applies when:
1. Authorization Request is Approved
2. ECI 5 (Fully Authenticated) or ECI 6 (Authentication Attempted) is performed and,
3. CAVV, (Visa “Card Authentication Verification Value”), AAV, (MasterCard “Accountholder Authentication Value”) is
obtained with an ECI of 5. Not required for ECI of 6.
4. √ = Chargeback Liability Shift for Visa, MasterCard and Maestro.
Card Issuance United States Canada European Central Europe, Latin America. So. Asia
Location Union Middle East & America and Pacific
Africa Caribbean
Merchant
Location
United States √* √ √ √ √ √
Canada √ √ √ √ √ √
European Union √ √ √ √ √ √
Central Europe, Middle East & √ √ √ √ √ √
Africa
Latin America. So. America and √ √ √ √ √ √
Caribbean
Asia Pacific √ √ √ √ √ √
* As of 14 October 2011 for MasterCard and Maestro
16. 1. 3DS chargeback liability matrix contd.
Commercial Cards: Applies when:
1. Authorization Request is Approved
2. ECI 5 (Fully Authenticated) is performed. (ECI 6 DOES NOT provide liability shift except as noted) and,
3. CAVV, (Visa “Card Authentication Verification Value”), AAV, (MasterCard “Accountholder Authentication Value”) is
obtained with an ECI of 5. Not required for ECI of 6.
4. √ = Chargeback Liability Shift for Visa, MasterCard and Maestro.
Card Issuance United Canada European Central Europe, Latin America. So. Asia Pacific
Location States Union Middle East & America and
Africa Caribbean
Merchant
Location
United States √ √ √ √ √ √
Canada √ √ √ √ √ √
European Union √ √ ECI 5 or 6 – √ √ √
MC and Visa
Central Europe, Middle East √ √ √ ECI 5 or 6 – MC √ √
& Africa Only
Latin America. So. America √ √ √ √ ECI 5 or 6 – MC √
and Caribbean Only
Asia Pacific √ √ √ √ √ ECI 5 or 6 – MC
and Visa
18. 3. Cardholders are looking for signs of
security
N =546 N =548 N =536 N = 576
Special
security 88% 84% 77% 82%
code
Security
symbol in 83% 87% 84% 83%
browser
Q20: To what extent do you agree with each of the following statements?
• When making an online purchase I prefer entering a special security code to ensure safety of my payment details.
• When making an online purchase I expect to see a security symbol in my browser.
19. Something Is Moving
Static Dynamic password
Password OTP device
Dynamic password is generated by
Password is provided to you by
entering your credit or debit card in
your bank and is linked to your
a card device (OTP), or use a
credit or debit card
security or access code device
After entering user ID
and a password, a
transaction can only be Dynamic Password
Dynamic Password completed with
built-in OTP device another password... via SMS
Dynamic password is Dynamic password (TAN-code)
generated by your card which is generated via SMS sent to
has a keypad and LCD screen your mobile phone.
embedded into it
So you deploy a Fraud Mngmt System and all your problems go awayBut do they? Your costs increase, and the nature of your changes. You need a higher ladderYou could add Session Behavior to this list, which is the 20 ft wall.....until fraudsters start to act more like normal customersAll in all, your costs are now significant in terms of people and technology solutions
Both Visa and MasterCard suggest that now over 60% of total transactions in the UK are fully authenticated3DSA key part of the answer is cardholder authentication as a standard practice for all Card Not Present transactions Thisthe first ever decrease since 1999. This decrease is due to the increasing use of sophisticated fraud screening detection tools as well as the continuing growth in the use of MasterCard SecureCode and Verified by Visa”.So if every Merchant deplyed 3DS, Merchant fraud would cease to exist. It would be like the Retail sector post Chip and PINIs it as simple as this?I will come back to this theory and how the law of unintended consequences is a factor
Search for 3DS s c c and you get the followingYou don’t get Visa website, you don’t get MCSo now we have seen the 2 schools of thought. Which is correct? Here comes the math
We presented this in Amsterdam 1 year ago and we got a lot of feedback and requests to repeat because it was the first time quanitiative analysis had been reportedThe data set for this analysis was based on Merchants offering 3DS, not on all e-commConsi – u in the room?Efficient markets – cardholders must enrol after X times, uusally 3 – ADS – where Merchant offers 3DSMerchant Positive – cardholders do not have to enrol, but many Issuers do not pariticpate or dont force c/h to enrol – can click on cancel button 10 times and nothing happens. Merchants can still decide on how to proceed, but bear in mind that Merchants get liabilkity shift if Issuer does not participateMerchant Negative – difference to UK and CA is cardholder behavior. Also, Issuers much less efficient. Spanish Issuers asking for 4 digit PIN (Chip and PIN pin)
Looks like a global trend mandated by a combination of Govts, Regulators and Card SchemesIn UK for example, we know the Home Office includes e-comm fraud in crime stats. Isnt this an easier crime to fix than murders? Mandate the authentication of all e-comm txns.Its becoming reminicent of Chip and PINThe realitySo what is happening where 3D Secure has been mandated?ITALY: Merchants don’t offer it in many casesSWEDEN: originally declined all transactions without 3D Secure and now consumers know what to do (hopefully)UK: In the UK can almost be considered as a standard practice for consumersINDIA: Card Schemes contacted by the Central Bank of India because some merchants did not offer it
Here are some fundamental points to agree on:Technical challenges: The technical Implementation across the chain is not homogenous and can create issues for consumersNo visibility on how good 3D is: everybody knows the bad things, but many unknowns existHow much of the drop at checkout is generated by fraudster that cannot simply complete the authentication steps – unknown!What is the real drop at checkout if we exclude the fraudsters? Unknown!How much money is a company effectively saving because of the implementation of 3D Secure? Can be known, but how many really do?Consumers like to go through some sort of authentication, simply what is in place might not be the appropriate way of doing it
Kevin Smith plug – he has one that worksCard Schemes and Issuers have recognised that static passcodes are weak because they rely on humansYou and I talking, what if card is stolen, still need PIN, but if you get it, can now do retail and e-comm fraud. PIN written on card, post-it note attached to card, ATM etched with PIN, AIB codecard
Can be a positive strategy to adopt to decrease fraudCan be a negative strategy outside of the UK if you focus on consumer experienceBut in some places and for some cards must be done! And like it or not it is here to stayImprovements are under way to deal with the issues, but it still must be mandated to increase its adoption because the advantages of doing it vs. not are not clear at allSo what is the position of a merchant that does not offer 3D Secure today?