Solupay Blog

No Signature? No Problem. Visa on Board with Eliminating POS Signatures

Posted by Joe Musitano on May 2, 2018 11:55:13 AM

Signatures are no longer needed for EMV (chip) transactions for all major card types. In our recent article No Signature Required - Card Brands Look to Improve Checkout Times, we discussed some significant changes in the POS industry. At the tail end of 2017, MasterCard, Discover, and AmEx announced that they would implement policies that eliminate the need for signatures in point-of-sale EMV transactions. Visa was initially reluctant to comply, but recently gave up the fight and announced they too will eliminate the need for signatures on EMV POS transactions in North America beginning in April of 2018. 

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Topics: EMV, PCI, Card Security

Card Not Present (CNP) Fraud Post-EMV Rollout in the United States

Posted by Joe Musitano on Mar 28, 2018 1:41:25 PM

The introduction of EMV chip cards made huge strides in decreasing fraud, but only for in-store transactions. The increased security of credit and debit cards using chip technology has driven fraudulent traffic to CNP transactions and e-commerce. Card Not Present (CNP) Transactions are those that occur when the card is physically not present (online, over the phone, mobile transactions, etc), and therefore do not utilize the chip feature that EMV cards have. According to Visa, fraud has decreased 70 percent from October 2015 (when chip cards were introduced in the United States) to December 2017. However, chip cards are just as susceptible to CNP fraud as magnetic stripe cards.

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Topics: EMV, Online Fraud, Card Security

Hate to Say I Told You So, CNP Fraud Continues to Rise

Posted by Joe Musitano on Nov 17, 2017 10:22:01 AM

Card not present transaction fraud continues to rise since the establishment of the EMV chargeback liability shift last October. As card present transaction fraud decreases we've seen a direct increase in card not present transactions. CNP transactions include any payment made where the card is not physically present. As predicted, The US Payments Forum 2017 report concluded that the increase in security of chip cards forced fraudsters to focus their attention to CNP. They believe that this trend will continue into 2018 and we can expect to exceed $6 billion in fraud dollars. 

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Topics: EMV, Card Security

10 Ways to Detect Fraud for Card Not Present Transactions

Posted by Joe Musitano on Jul 30, 2017 11:00:00 AM

With CNP fraud on the rise since the EMV chargeback liability in the US took effect last year, it's in the best interest of retailers engaging in eCommerce and taking phone orders to increase their focus on securing those transactions. Here are 10 ways to detect and prevent fraud to avoid chargebacks on Card Not Present transactions:

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Topics: Card Security

Merchant's Responsibility in Preventing Credit Card Data Breaches

Posted by Jayme Moss on Jul 14, 2017 9:05:00 AM

In today's commerce climate, there are limitless opportunities for merchants to sell their goods and services. At the same time, there are limitless opportunities for thieves to exploit merchants and consumers. Credit card data breaches at major retailers have made the news wire too many times to count, and when it comes down to it, it is up to the merchant to understand the responsibility they have in protecting their client's data when accepting credit card by enforcing appropriate security measures.

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Topics: Card Security

Card Fraud Down - and Up - Thanks to Chip Technology

Posted by Joe Musitano on Feb 3, 2017 2:51:14 PM

With 2016 behind us, Visa announced statistics for the first full year that chip technology has been in use in the U.S. Much can be gleaned from the data, including the fact that almost half of in-store transactions used EMV in 2016, and most of those were not from the big box stores, but rather, from small and mid-sized businesses. From all the information, however, this is certain: While chip technology has impressively cut card present fraud, eCommerce has become the newest target for attackers.

Over the course of the year, the number of merchants using chip-enabled terminals more than doubled, with 39 percent (or 1.81 million) of all merchant locations using EMV technology. The majority of these merchants - 82 percent of them - were small and medium-sized businesses. Chip transactions comprised just about half (49 percent) of total payment volume in card present transactions.
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Topics: EMV, Online Fraud, Card Security

How to Increase Security without Creating More Friction at Checkout

Posted by Joe Musitano on Jan 11, 2017 11:15:40 AM

When it comes to payment authorizations for your online sales, the growing need for advanced security is often times at odds with the customer experience. While consumers are aware of cybersecurity risks, the perception that there are too many obstacles during the checkout process can often lead to abandoned carts. For consumers who order from you often, the friction at checkout can lead them to look elsewhere. How can e-commerce merchants achieve the necessary security to keep their data, and their client's data safe, while still satisfying a speedy, frictionless checkout process with less false failures?

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Topics: Card Security

Top 10 Ways to Detect Fraud for Card Not Present Transactions

Posted by Joe Musitano on Aug 26, 2016 1:22:59 PM

With CNP fraud on the rise since the EMV chargeback liability in the US took effect last October, it's in the best interest of retailers engaging in eCommerce and taking phone orders to increase their focus on securing those transactions. Here are 10 ways to detect and prevent fraud to avoid chargebacks on Card Not Present transactions:

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Topics: Online Fraud, Chargebacks, Card Security

Security Alert: New Scam Targets Payment Gateway Credentials

Posted by Joe Musitano on Jun 29, 2016 10:40:45 AM

ALERT: If you use a gateway or virtual terminal for payment processing --- Pay Special Attention (Remember, most integrated POS systems connect to a gateway).

EMV in the US has made life only slightly more difficult on fraudsters, finding the new security too cumbersome to overtake. So instead of wasting time hacking POS systems, hackers have taken to bypassing them altogether and focusing their criminal efforts on hijacking merchant Gateway accounts.  They are accomplishing this simply by "acquiring" Gateway API credentials and Gateway user credentials, and are finding merchants to be ideal prey.

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Topics: Online Fraud, Card Security

What Frictionless Checkout Means to You

Posted by Joe Musitano on Apr 7, 2016 9:30:00 AM

If you are an online retailer, you know all too well the importance of creating a checkout that is as easy as possible and in as few steps as possible. But creating an easy, frictionless checkout becomes complicated when you add in necessary security features to process payment transactions. It is very easy for an online shopper to abandon their cart, change their mind, or Google their purchase elsewhere. Now there is a process called 3D Secure Advanced that has accomplished secure checkout, without the friction of the original 3D Secure. Here is how:

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Topics: Card Security