Tag: EMV Migration


Migration to EMV has migrated the card fraudsters online

Migration to EMV has migrated the card fraudsters online

EMV standards have helped reduce fraudulent transactions considerably, but this has forced fraudsters to move to the online world. In the year 2016, fraud in the online space has increased 30% [Source: Radial’s eCommerce Fraud Technology Lab]. Also, in the first quarter of 2017,...

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Merchant credit card chargebacks – Is EMV the holy grail?

Merchant credit card chargebacks – Is EMV the holy grail?

When a cardholder detects a fraudulent transaction in their statement, he or she files a complaint with the issuing bank. Issuing bank then investigates the transaction and if it is found fraudulent,  the bank will refund the original value to the cardholder. If the...

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EMV and the fallback conundrum!

EMV and the fallback conundrum!

Fall back transaction is the word that came into picture along with EMV – the work around to make successful transaction in case the chip or terminal chip reader does not work. However, this is looked upon as a huge security threat in the...

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