Boston, October 21, 2021 – Card-not-present transactionvolume has increased 25% to 30% from 2019 to 2020 as a result of the pandemic. Even prior to the pandemic, fraudsters focused heavily on CNP transactions as an easy avenue for fraud attacks. As a result, merchants, issuers, payments networks, and governments across the globe are looking for ways to stem the rising tide of CNP fraud. A key tool in their arsenals is 3DS.
This Impact Report delves into large issuers’ and merchants’ strategies with regard to 3DS and CNP fraud, and examines the successes as well as the opportunities for future improvement and evolution. For this research, sponsored by Outseer, Aite-Novarica Group interviewed 34 large issuers and issuing processors in North America, Europe, and the Asia-Pacific, and deployed a quantitative survey of 755 executives responsible for e-commerce payments or loss prevention strategies at midsize and large e-commerce merchants.
This 40-page Impact Report contains 23 figures and five tables. Clients of Aite-Novarica Group’s Retail Banking & Payments or Fraud & AML service can download this report and the corresponding charts.