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Protect Your Business from EMV Offline Contactless Fraud
Recent fraudulent transactions using the EMV Offline Contactless method have raised significant concerns, especially in retail environments across regions. By using mobile digital wallets with cards on Android devices, fraudulent actors attempt to emulate offline approved contactless transactions. The risk of such attempts has become especially prevalent in industries with high-traffic, low-value transactions, that don’t require authorizations from card issuers.
Through our collaboration with industry partners, we’re continuously looking to identify vulnerabilities, implement strategies to combat this evolving threat and share the insights needed so that you can preserve the safety of your operations. Gain the knowledge to protect your business while ensuring contactless payments remain secure and efficient with our comprehensive material. We’re diving into the fraud risks associated with EMV Offline Contactless payments as we present actionable solutions to safeguard your payment systems.
Why Read This Resource?
This resource is your guide to understanding and mitigating the risks associated with offline contactless payments:
- Understand key fraud vectors in EMV offline contactless transactions.
- Learn how fraud actors emulate offline transactions with fake wallet scenarios.
- Explore multiple fraud scenarios affecting cardholder, terminal, and acquiring host interactions.
- Discover best practices for detecting and preventing offline contactless payment fraud.
Verifone shapes ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.