January 17, 2017

False CNP Declines Dog Issuers Too - CardNotPresent.com

CardNotPresent.com this week featured the findings from the Oakhall report, published in partnership with Featurespace, as a headline on their homepage.

The recently updated report found increases in fraud costs since the previous year for financial institutions, with 45% of the losses attributed to false declines, but as CardNotPresent.com highlights,

“While false declines are especially problematic for e-commerce merchants, issuing banks also are affected”.

The article was also featured in the CardNotPresent.com newsletter, The CNP Report, as well as The CardNotPresent Report Podcast.

Read the whole article.