EVS Blog

While the current switch to EMV in the US is certainly part of the reason for increasing CNP fraud, there are other factors that have also contributed to the spike. Key factors for the increase include the general growth of Ecommerce, the rising popularity of E-gift cards, and the increased use of in-store pickup.

Knowledge Based Authentication (KBA) has been getting a bad rap, largely related to the IRS breaches in both 2013 and 2015. Aside from the IRS breaches, there have also been failures associated with static KBA that contribute to criticism of KBA. What critics of KBA have failed to realize is that any tool will fail when it is not used correctly.

As we enter into tax season, Electronic Returns Originators (EROs) are under the gun to comply with regulations from the IRS relating to verifying the identity of their customers. While many EROs already addressed these requirements for the 2015 filing season for remote transactions, others either failed to comply with the requirements in 2015 or are working with remote customers for the first time this year.

Some companies (including EVS clients within the vapor industry) have stepped up to the plate to ensure their products are not sold to minors in any state – displaying how online sales of Vaporizers, eJuice, and eCigarettes can responsibly ensure that minors are protected. Unfortunately some companies in the industry are lagging behind (or completely disregarding) the regulations.

As with most new technologies, the shift to EMV specifications (Europay, Mastercard and Visa – also referred to as “Chip and Pin”) in the U.S. has brought with it unrealistic expectations. EMV implementation has undoubtedly had a significant impact in the security of card-present transaction...