EMV card fraud: Can your fraud detection system identify suspect chip card transactions?
Source: Paragon Application Systems
Type: White Paper
Overview|Download
EMV cards offer increased security and reduce fraud, but chip-and-PIN technology cannot eliminate fraud entirely. As an EMV card issuer, you must test your fraud-detection system to ensure that when suspicious chip card transactions occur, they are promptly identified. What methods can your fraud detection system use to identify some of the most common EMV card fraud scenarios?
This white paper presents a sampling of these scenarios and illustrates how pre-production testing of your fraud detection system can reduce your risk of certain types of EMV card fraud.
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