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Common authentication methods to protect online payment
Online retail sales are increasing and are expected to reach $2.489 trillion by the end of 2018. As online sales increase, so do the attempts at fraud. In fact, e-Commerce fraud attacks rose 30% during 2017, emphasising the importance of and the need for authentication of online payments.
3D Secure 2
Behavioural analytics
Risk-Based Authentication with big data and machine learning
Static passwords
Address Verification System (AVS)
Biometric authentication
Multifactor authentication
Geolocation
This paper identifies the top trending authentication methods predicted to affect the payment industry's dynamic of combating fraud during card-not-present transactions.
The new EMV® 3D Secure protocol, or 3D Secure 2 (3DS2), released by EMVCo is designed to address a number of key aspects of the previous protocol and cement the technology’s reputation as one of the most resilient solutions in the fight against card-not-present (CNP) online fraud.
Online payment trends keep evolving as customers continue to favour more user-friendly solutions and solution-makers compete for market share by constantly trying to re-invent the next big thing, to fulfil that need.
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Fraud prevention solutions from a market leader of over 20 years, safeguarding the payment ecosystem end‑to‑end through industry standards such as EMVCo 3D Secure and global card scheme authentication programs.
