Common Payment Fraud Attacks
Phishing is a social engineering attack that used to steal personal data, such as login credentials and credit card numbers, by tricking users into sharing their private information.
Liability Shift in 3-D Secure
In 3DS 2.0 and later versions,the issuer will become liable for any fraudulent transactions authorized under the protocol.
Strong Customer Authentication
Strong Customer Authentication(SCA) is a regulatory requirement to reduce fraud and further secure online,contactless payments.
Declines & Their Impact
This is when the issuing bank does not grant approval to the payment. They are permanent authorization failures and retries are not suggested.