Since the October 2015 deadline to implement EMV (chip-based) credit and debit cards, card-not-present (CNP) fraud is on the rise for many issuers and merchants. Data breaches at major U.S. retailers is increasing as it is not easy for merchants to update to the new EMV standards and systems with their legacy point-of-sale (POS) terminals. This lack of security allows more opportunity for stolen identities/account credentials, paired with sophisticated evasion methods making it nearly impossible for businesses to distinguish between fraudsters and trusted customers.
With the rise of online and mobile transactions, device fingerprinting is a known effective tool in fighting CNP fraud over the past decade. Today’s retailers need to consider how they can utilize the information within the device fingerprint to help detect fraud before a transaction occurs.
In this on-demand webinar, iovation’s Eddie Glenn explains how the Global Device Intelligence Platform delivers device insight and fraud prevention management tools to combat CNP fraud:
- How to leverage a global device intelligence network to fight CNP fraud
- Why separating user identity from device identity is imperative when fighting fraud
- What to look for when selecting a global device intelligence solution
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