Fraud , Payments Fraud , Video

US E-Commerce Merchants Keeping CNP Fraud at Bay

Visa's Margaret Reid: CNP Fraud in US Has Not Spiked Because of EMV

Card-not-present fraud rates in the U.S. have not skyrocketed like some experts predicted in the wake of EMV, according to Visa. And Margaret Reid, Visa's senior vice president of risk services, says that's likely because most large e-commerce merchants in the U.S. are using sophisticated fraud prevention tools that have so far kept fraud rates at bay.

See Also: How to Scale Your Vendor Risk Management Program

In this video interview recorded at ISMG's San Francisco Fraud and Breach Prevention Summit, Reid discusses:

  • Why CNP fraud is a worry in other parts of the world;
  • Visa's focus on 3-D Secure 2.0 over the next 12 months to enhance online transaction authentication;
  • How mobile payments are helping to pave the way for adoption of biometrics authentication.

Also, see Reid here presenting on The Current State and Future of Payment Security: Lessons from Visa.

At Visa, Reid has led the Global Processing Platform team responsible for driving many initiatives to enhance, upgrade or simplify the global processing environment, whether in authorization, clearing and settlement, dispute processing, or down-stream data applications. She's been with Visa since 1998. Prior to managing the Processing Platform team, she worked on chip/contactless product development, ATMs and cash products, debit product development and implementation, and consumer credit affluent service development.


About the Author

Tracy Kitten

Tracy Kitten

Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

A veteran journalist with more than 20 years' experience, Kitten has covered the financial sector for the last 13 years. Before joining Information Security Media Group in 2010, where she now serves as director of global events content and executive editor of BankInfoSecurity and CUInfoSecurity, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by CNN.com, ABC News, Bankrate.com and MSN Money.




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