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Peter Alcock

Peter Alcock

Head of Product Marketing at NMI
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Card Not Present Transactions – Friend or Foe? – Transaction Volumes Are Soaring but so Is Fraud

  The solution to most of these is to implement Strong Customer Authentication, in the form of 3D-Secure. It's what has been mandated in Europe for a while now and cardholders are used to it.  I've never understood why financial authorities in the US are so reticent about implementing measures  proven to reduce fraud, crime and card miuse. Chip and PIN is a great example. The US has EMV cards, sure, but the one single thing that makes EMV work perfectly is PIN! And the US banks stopped short of mandating it for credit card transactions... Talk about a missed opportunity!

15 Dec 2023 Reply Read article