Payments News

Risk & Fraud

ASC X9 Publishes New Report On Card-Not-Present Fraud Mitigation And White Paper On Distributed Ledger/Blockchain Technologies

“Today the Accredited Standards Committee X9 Inc. (X9) announced the publication of two new documents: Technical Report 48 – “Card-Not-Present (CNP) Fraud Mitigation in the United States: Strategies for Preventing, Detecting, and Responding to a Growing Threat” and a white paper from the X9 Distributed Ledger and Blockchain Technology Study Group. TR 48 summarizes guidelines to mitigate CNP fraud in the U.S. It identifies the primary types of CNP fraud attack trends currently affecting the payments industry, and it outlines the types of CNP fraud mitigation tools and strategies employed by industry stakeholders. The document also provides information and recommendations for industry stakeholders to evaluate their current approaches for mitigating CNP fraud and reducing overall fraud losses. TR 48 is available for download now.”