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Fraud Prevention Blog

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

Not EMV-compliant yet? Brace yourself for chargebacks

Posted by Stephanie Cho on Mon, Dec 14, 2015 @ 02:19 PM

Topics: credit card fraud, counterfeit credit cards, fraud liability shift, emv, chargebacks

Why EMV Cannot Win Against E-Commerce Fraud

Posted by Stephanie Cho on Tue, Nov 24, 2015 @ 03:08 PM

It was only a decade ago that we lived in a 4G-less world – at an intersection of equal parts dial-up users and broadband users – that had just given birth to what would become the biggest online shopping day of the year: Cyber Monday. And now, in the year 2015 – a world in which almost two-thirds of Americans own smartphones – it only seems natural that the majority of people will do almost half of their holiday shopping online. To compare: in 2004, 38.3% of people purchased holiday items online, and last year - just 10 years later – that number rose to 56.0%.

Topics: retail fraud, credit card fraud, e-commerce, fraud, fraud liability shift, emv

Preparing Your Business for the Fraud Liability Shift

Posted by Stephanie Cho on Mon, Sep 14, 2015 @ 08:56 AM

In the previous post, we discussed what EMV and the fraud liability shift are as well as how it will affect businesses, especially small businesses. In this post, we will focus on helping you build a successful strategy that will protect your business from the upcoming fraud liability shift as well as discuss why this strategy will help protect your business from fraud.

Topics: counterfeit detection, fraud prevention, fraud liability shift, fraud liability, emv, counterfeit detector, UV counterfeit detector

EMV & the Fraud Liability Shift: What It Means for Your Business

Posted by Stephanie Cho on Fri, Sep 11, 2015 @ 09:20 AM

You may have noticed that new debit cards and credit cards are being issued with a visible microchip on the front, above the first four digits of the card number. The purpose of the microchip is to make it harder for criminals to use your debit/credit card fraudulently and is designed to meet the EMV standard, which will be discussed in just a moment. However, due to the added security by microchips, issuers of the debit and credit cards have agreed to shift the financial liabilities of card fraud onto merchants starting October 1st, 2015, coining the change as the “fraud liability shift.”

Topics: credit card fraud, counterfeit credit cards, fraud liability shift, fraud liability, emv