Global Banking and Finance Review: Why the USA’s late adoption of EMV means European retailers need to pay attention to rising levels of CNP fraud
Posted by Global Risk Technologies™
UK businesses are being warned that the rollout of EMV (Chip and PIN card protection) in the United States is likely to prompt a major shift in credit card fraud to (Card Not Present) transactions in the UK and Europe. Monica Eaton-Cardone discusses how to combat CNP fraud and recommends some simple steps that every company can follow…
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AOL Money: Scamwatch: new fraud threat for SMEs
Posted by Global Risk Technologies™
AOL Money’s Jess Brown writes that online card fraud could be set to soar over the next few months… When chip-and-pin technology was introduced in the UK more than 10 years ago, it made a big dent in fraud involving debit and credit cards being used in shops and restaurants. However, it also prompted…
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Fresh Business Thinking: Three key fraud prevention techniques
Posted by Global Risk Technologies™
By Monica Eaton-Cardone, CIO and Co-Founder of Global Risk Technologies™ Businesses are being warned that the rollout of chip and PIN card protection (EMV) in the United States is likely to prompt a major shift in credit card fraud to card not present (CNP) transactions across the UK and Europe. Here I will…
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Growth Business: Why UK SMEs risk fraud activity as US adopts chip and pin
Posted by Global Risk Technologies™
You may not think that the US finally adopting chip and pin will have a significant effect on British SMEs: but if you’re worried about card fraud you may have to think again. By Monica Eaton-Cardone, CIO and co-founder of Global Risk Technologies™ In 2004, EMV technology was introduced to the UK public.…
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Combatting CNP Fraud: A Guide to Increasing Risk Protection and Enhancing Customer Satisfaction
Posted by Global Risk Technologies™
With the US soon to be following suit with the adoption of EMV (Chip-and-PIN) technology, the migration in card-not-present (CNP) fraud this will cause is also a major threat to many UK and European businesses. The introduction of EMV across all major outlets in the US is sure to lower rates in lost,…
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Fresh Business Thinking: 6 Common Chargeback Pitfalls Facing Online Businesses
Posted by Global Risk Technologies™
By Monica Eaton-Cardone, CIO and Founder of Global Risk Technologies™ The Office of National Statistics has just published new figures showing 11.4% growth in online sales in the UK, compared to June 2014. Meanwhile, research carried out by RetailMeNot with the Centre for Retail Research predicted that ecommerce is expected to be worth…
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Let’s Talk Payments: Six Most Common Merchant Pitfalls Revealed in New Chargebacks Playbook
Posted by Global Risk Technologies™
Europe’s first chargeback compliance specialist launches new guide for merchants to help identify and tackle rising levels of chargebacks Global Risk Technologies™, a leading technology company specialising in chargeback compliance, has released a new Chargeback Playbook that details the top six most common pitfalls that merchants need to look out for in relation…
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Professional Security Magazine: Consumer Fraud Risk
Posted by Global Risk Technologies™
Increased consumer spending brings increased consumer fraud risk, says Monica Eaton-Cardone, CIO and co-founder of Global Risk Technologies™. Search online or any image library for ‘thief’ or ‘fraudster’ and chances are an image of a man in a horizontally striped jumper, a face mask, or hoodie and a ‘swag’ bag over his shoulder…
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Retail Fraud: Why European retailers need to pay attention to the USA’s late adoption of EMV
Posted by Global Risk Technologies™
UK businesses are being warned that the rollout of EMV (Chip and PIN card protection) in the United States is likely to prompt a major shift in credit card fraud to (Card Not Present) transactions in the UK and Europe. Monica Eaton-Cardone discusses how to combat CNP fraud and recommends some simple steps that every company can…
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EMV rollout in the US likely to cause global spike in CNP fraud
Posted by Global Risk Technologies™
Europe may have been using EMV, or Chip-and-PIN, card security long before the US set its October 2015 deadline for its much-delayed rollout of the technology, but that does not mean Europe is safe from the increased levels of card-not-present (CNP) fraud that this will bring. As fraud always follows opportunity, the US…
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