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Table of Contents

Lead Story

Blazing tech trails for commerce

Ann Train

News

Industry Update

Fed, FDIC, OCC toughen up on FI cybersecurity

U.S. Supreme Court to rule on credit card surcharging

ATM industry shifts EMV into high gear

Retailers pin hopes on early holiday shoppers

Views

Fewer Americans unbanked;more using prepaid cards

Patti Murphy
ProScribes Inc.

What Is Money20/20? - Part One

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Be bold, be innovative, be different

John Tucker
1st Capital Loans LLC

Payment trends to watch in 2017

Oren Levy
Zooz Inc.

Which merchants fit you best?

Jeff Fortney
Clearent LLC

Pot shop processing remains risky business

Theodore F. Monroe
Attorney at Law

Company Profile

Residual Sheriff LLC.

Features

Nancy Drexler

New Products

End-to-end, omnichannel payment platform

Worldpay Total
Worldpay US Inc.

Ready-to-deploy infrastructure for payfacs

FACe
Network Merchants Inc.

Inspiration

Telephone prospecting: How good are you?

Departments

Letter From the Editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

November 14, 2016  •  Issue 16:11:01

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Readers Speak

Biometrics solution to CNP fraud?

There's been a lot of discussion about the expected increase in CNP fraud once EMV technology is implemented across the United States. That's because other regions experienced a dramatic fraud migration to the CNP channel after switching over to EMV.

But I've been thinking that these other places adopted EMV at an earlier stage of biometric adoption. Biometrics could make all the difference. The iPhone and iPad, for example, now use fingerprints for ID with Apple Pay. And Apple has just introduced the Touch Bar on its latest MacBook Pro. Won't this go a long way toward reducing CNP fraud?

Susan Bronset, Merchant Level Salesperson

Susan,

In "Postcards from payments 2026," by Dale Laszig, The Green Sheet, Oct. 10, 2016, issue 16:10:01, Jim Parkinson, Chief Information Officer of North American Bancard Holdings LLC, envisioned a future in which biometrics plays a significant role. "Paper checks, cash and credit cards have become antiquated forms of payment (they are in museums), and consumers now pay via biometrics and DNA readers (no more passwords or PINs)," he stated. "Fraud has not been eliminated, but it has been significantly reduced."

Also, in "Get ready for biometric payments," The Green Sheet, Oct. 24, 2016, issue 16:10:02, we pointed to research indicating that adoption of devices that use biometrics is on the rise, which is likely to lead to increased use of biometrics in payments.

It is reasonable to expect advances in technology, such as Apple's Inc.'s inclusion of the Touch Bar, which enables use of Apple Pay on a laptop with use of fingerprint identification, could lead to reduced migration of fraud to the card-not-present (CNP) channel. However, at this point, there is no way to know. We'll continue to report on this as industry experts study data as it emerges on the U.S. EMV (Europay, Mastercard and Visa) migration and its effects on CNP fraud.

What do you predict for biometrics?

What do you, your colleagues and merchant customers have to say about adoption of biometrics in payments? Are merchants clamoring for it? If not, what is uppermost in their minds? Let us know at greensheet@greensheet.com.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Impact Paysystems | Electronic Merchant Systems