Integrating Chip and PIN with 3D Secure
A conference presentation about Lockstep Technologies' R&D into preventing Card Not Present fraud.
We could solve Card Not Present fraud in the same way as we fixed skimming and carding of magnetic stripe cards. CNP fraud is just online carding; it is perpetrated by replaying raw card details against merchant sites that cannot tell stolen customer data from the original. Lockstep has demonstrated a solution that digitally signs CNP transactions using a chip -- in a card or a phone -- to render the data non-replayable. The technique can be deployed stand-alone, or it can be integrated with the payments industry's 3D Secure CNP protocol.