The challenges we face during the COVID-19 Pandemic seem to be ever-increasing. In payments, in addition to the normal challenge of fraud risk, we must now address another risk in the form of reducing physical contact wherever possible. To address this, many geographies have changed mandates for transaction amounts under which cardholder verification is not required. View this UL webinar where we discuss the challenges involved with these changes, as well as how this may affect the security of your payment systems.
Learning objectives (or key points)
- Does a one-size-fits-all approach work for contactless limits?
- Observations on implementation to increase contactless limits
- Methods to attack contactless transactions and CVM methods used
Andrew Jamieson, Technical Expert, UL
Friday, June 19th, 2020
Increasing Contactless Limits
The challenges and CVM manipulation on EMV transactions