Online Payment Practices Are Changing This Year
New payer authentication initiatives from the card associations as well as
growing criminal sophistication could mean some changes are in store for
online merchants this year.
“While the new payer authentication programs may eventually limit merchant
liability for credit card fraud,” said Tracy Wilk, vice president of payment
product development for CyberSource, “electronic transaction loopholes and
flawed security practices will continue to cost online merchants millions of
dollars annually.”
To help merchants prepare for the new payer authentication programs as well
as the increased security threats, CyberSource is offering a free “Executive
Guide to Secure Online Payments” comprised of a new report, “Secure Online
Payments 2002: New Issues, Decisions to Make,” a technology report, “The
Electronic Citadel,” and a CD-ROM, “Best Practices: Credit Card Risk
Management.” To download or request a copy, go to:
http://www.cybersource.connectthe.com/home or email
securepayments@cybersource.com.
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