The white paper includes use cases, implementation considerations for 19 authentication techniques
REDWOOD CITY, Calif., March 21, 2023 – The U.S. Payments Forum today announces the publication of its most comprehensive white paper to date. The resource, “Device Authentication and Consumer Verification Techniques for Mobile In-App and Remote Payments,” aims to provide the payments industry with an in-depth reference point for the implementation of tools and techniques to reduce card-not-present (CNP) fraud.
“More and more commerce is happening online and at our fingertips through mobile apps. Fraudsters are taking notice, shifting their attention from traditional, in-person transactions to card-not-present settings,” said Jason Bohrer, executive director of the U.S. Payments Forum. “We created this white paper to help payments stakeholders navigate today’s sophisticated CNP fraud landscape by providing crucial information on the authentication techniques at their disposal. We want to empower payments stakeholders to ask informed questions of security solution providers during their continuous journey toward the elimination of payments fraud.”
The overarching goal of this document is to:
- Help payments professionals increase their understanding of available authentication and verification techniques and tools, their evolution, consumer impacts, and standards
- Address potential challenges to the broad implementation of these enhanced authentication and verification tools and techniques
- Promote the adoption of best practices for preventing CNP fraud and increasing digital payment security through a multi-layered approach to authentication and verification
In total, the white paper explores 19 fraud mitigation techniques categorized into four segments: Consumer Verification, Device Authentication, Risk-Based Authentication (RBA), and Analytics and Familiarity Signals.
These include, but are not limited to:
- Knowledge-Based Authentication (KBA)
- EMV Secure Remote Commerce (SRC)
- Dynamic Cryptogram
- Machine Learning (ML) and Artificial Intelligence (AI) for Authentication
- Consumer Device Cardholder Verification Method (CDCVM)
- Identification and Verification (ID&V) and Provisioning
Each technique includes detailed descriptions, diagrams and use cases tied to specific steps within the payments process. The resource takes into consideration various payment methods, levels of risk, and circumstances associated with each fraud mitigation technique.
The white paper was created by the U.S. Payments Forum’s Mobile and Touchless Payments Working Committee members. Organizations, associations, government agencies, and individuals interested in participating in the development of future white papers can visit the Forum’s website to learn about Forum membership. By joining the U.S. Payments Forum, members will also have access to broader activities within the Secure Technology Alliance and its affiliated organizations. For membership levels, benefits and the application, visit: https://www.uspaymentsforum.org/membership/membership-benefits/
About the U.S. Payments Forum
The U.S. Payments Forum is a cross-industry body that brings stakeholders together on neutral ground to enable efficient, timely and effective implementation of emerging and existing payment technologies. This is achieved through education, guidance and alternative paths to adoption. The Forum is the only non-profit organization whose membership includes the whole payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on and have a voice in the future of the U.S. payments industry. The organization operates within the Secure Technology Alliance, an association that encompasses all aspects of secure digital technologies.
About the Secure Technology Alliance
The Secure Technology Alliance is the digital security industry’s premier association. Through its U.S. Payments Forum, Identity and Access Forum and its collaborative working groups, the Alliance fosters open dialogue among industry stakeholders to explore and develop secure technology innovations in the payments, identity and access markets. By collaborating on education and guidance, the Alliance helps enable efficient, timely and effective implementation of large-scale, disruptive technologies. For more information, please visit https://www.securetechalliance.org.
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