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RSA Security releases new payment fraud protection capabilities

Cybersecurity solutions provider, RSA has announced the availability of RSA Adaptive Authentication for eCommerce version 20.5. The supplier states that the latest version leverages EMV 3D Secure v2.2 protocol, will add new authentication flows for supporting transactions and is expected to add new capabilities for improving the customer’s checkout experience.

Daniel Cohen, Head of Anti-Fraud Products and Strategy, RSA. said, “Our goal with RSA Adaptive Authentication for eCommerce is threefold: reduce fraud and grow CNP transaction approval rates, reduce operational costs for our customers and deliver the most seamless user experience possible. As one of the first vendors to support the latest version of the EMV 3DS protocol, we want to ensure our customers have the most advanced and up-to-date capabilities available to fight fraud while also being able to meet regulatory compliance such as PSD2 in Europe.”

According to the supplier, the Adaptive Authentication for eCommerce solution is expected to help credit card issuers and payment processors to prevent card fraud in CNP transactions that pass through the EMV 3DS protocol and allow for the enhancement of shopping experience for cardholders. It analyzes hundreds of risk indicators to silently authenticate genuine cardholders while challenging only the small number of transactions that are high-risk and identify indicators linked to known and attempted fraud schemes globally.

RSA offers business-driven security solutions that aim to provide organizations with a unified approach for managing digital risk that hinges on integrated visibility, automated insights and coordinated actions. RSA states that its solutions are designed to detect and respond to advanced attacks; manage user access control; and reduce business risk, fraud and cybercrime.

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