01-28-2006, 11:07 AM
Quote:Payer authentication schemes such as Verified by Visa and MasterCard SecureCode are the anti-fraud tools most likely to be adopted by online retailers in the UK this year, but 19% of orders still undergo manual checks.
Collectively known as 3-D Secure, the systems also transfer fraud liability from the internet retailer to the card issuer. Around 29% of merchants expect to introduce them during 2006; another 25% were already using them in 2005.
Most merchants are layering their security using an average of four anti-fraud measures. Others include Address Verification Service and Card Verification Number (a three-digit code on the back of each card).
By far the most popular type of manual check is telephone or email contact with the customer, followed by communication with the customer's bank, checking order histories and negative lists, and consulting third parties all of which were roughly on a par...
full article: http://www.out-law.com/page-6574