Growing card-not-present (CNP) credit and debit card fraud causes more harm than just the billions of dollars in losses and expenses to financial institutions (FIs) and merchants. CNP credit and debit fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors. Cardholder CNP fraud events reduce online shopping, payment card usage, and causes consumer attrition for more than half of all online shoppers. FIs, merchants and industry supporting players need to act now by introducing new CNP fraud prevention methods that diminish rising losses and costs while alleviating cardholder angst. Industry providers will benefit from introducing new fraud prevention methods that increase consumer trust and confidence ... Read More