Ben Maxim, Assistant Vice President at MSUFCU, outlines why his company chose Keyno’s dynamic CVVkey product to bolster online security
The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic.
Keyno used Visa’s dynamic CVV2 (dCVV2) APIs to provide a turnkey and easy to implement fraud prevention solution for Visa card issuers.
Ben Maxim, Assistant Vice President at MSUFCU, outlines why his company chose Keyno’s dynamic CVVkey product to bolster online security.
Members of Michigan State University Federal Credit Union (MSUFCU) in the USA are to take part in a three-month pilot scheme to test the use of dynamic CVV codes when making online or in-app purchases with their credit card.
Keyno, Michigan State University Federal Credit Union, and Visa are working together in order to launch a pilot program that offers a new approach to online payment security.
Keyno, an online fraud prevention solution provider for credit & debit cards has announced a pilot program with Michigan State University Federal Credit Union (MSUFCU) and Visa to help prevent card not present fraud.
Visa has partnered with Keyno to pilot a cell app-enabled dynamic card safety system at Michigan State College Federal Credit score Union.
With e-commerce increasing sharply in the midst of the COVID-19 pandemic, a less positive trend has followed – an increase in fraud related to online and in-app purchases.
Today’s plastic credit cards have long replaced stone tablets, and have become the most popular way for people to buy goods and services. Here’s a brief history of how credit cards came to be ubiquitous in our lives.
Issuers, merchants, and acquirers that process card payments from their merchant customers spend heavily to protect themselves from card-not-present (CNP) fraud, which accounts for 54% of all fraud losses even though CNP purchases account for less than 15% of all sales billed to cards.
Visa has partnered with Keyno to pilot a mobile app-enabled dynamic card security system at Michigan State University Federal Credit Union.