Fraud Prevention Blog

IMPORTANT NEWS:  MasterCard UV Security Features

Posted by Sean Trundy on Fri, Jun 15, 2018 @ 09:10 AM

Several weeks ago, we began getting calls from a few clients asking us whether specific versions of MasterCard payment cards had omitted the use of the UV security feature on their card-stock. After receiving maybe half a dozen of these calls, we began trying to learn more about this.

Topics: credit card, counterfeit news, ID authentication, counterfeit detection

EMV: Not All It's Cracked Up To Be

Posted by Stephanie Cho on Wed, Oct 05, 2016 @ 03:01 PM

October 1, 2016 was the first anniversary of EMV’s adoption by the United States. Businesses who have not yet adopted the EMV standard are exposed to the fraud liability shift imposed by the standard.

Topics: emv, fraud liability shift, chip card, credit card, credit card fraud

EMV Not a Cure-All for Credit Card Fraud

Posted by Stephanie Cho on Wed, Aug 17, 2016 @ 03:32 PM

Chip-enabled (EMV) credit cards are designed to be more secure than magnetic stripe cards because the ability of the chip to create dynamic, single-use data that is nearly impossible for fraudsters to counterfeit. At least, that is how the main advantage of EMV credit cards was touted by the consortium of card-issuing banks and other institutions that had been suffering billions of dollars of losses for years leading up the October 1, 2015 deadline for US businesses to adopt the new EMV standard.

Topics: emv, credit card, credit card fraud, fraud prevention