CNP Fraud and the Role of 3-D Secure: The Tale of Different Countries

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Presented by

Julie Conroy, Chief Insights Officer, Datos Insights & Scott Olson, CMO, Outseer

About this talk

Card-not-present: Mastering the delicate balance between authorization and fraud prevention Merchants and FIs are united in their goal to get as many cardholders across the CNP finish line as possible, while minimizing fraud risk. The “how” of this is the difficult part. Join this interactive discussion with Datos Insights and Outseer to learn the latest insights on successful strategies and best practices on how card issuers are maximizing their opportunities to provide stellar CNP experiences to their cardholders, while at the same time effectively managing their fraud risk. The session will also discuss the evolving regulatory environment. Key insights include: * Authorization rates are higher and fraud rates are lower in countries where the majority of CNP traffic invokes 3-D Secure. * There is still significant room for improvement in the usage of enhanced data fields in 3DS 2.x. * Many issuers are actively migrating to more secure and user-friendly authenticators such as biometrics and mobile app push. * Other jurisdictions, such as Australia, are poised to follow the EU’s lead in mandating strong customer authentication for CNP transactions.
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At Outseer we are empowering our customers to liberate the world from digital fraud. Our market-leading enterprise fraud and authentication platform is used by thousands of financial institutions around the world to protect millions of customer accounts and billions of transactions annually. Leveraging proven data science, including our proprietary consortium data, our customers use our risk-based, machine learning platform to deliver the highest fraud detection rates, lowest false positive rates, and lowest customer intervention in the industry. We stop fraud, not customers. See what others can’t at outseer.com.