NACS Daily reported today that Card-Not-Present Fraud Jumps 30%, according to BankInfo Security. This increase in fraud on the web and in other CNP situations has been long predicted: as EMV is deployed in card present scenarios, fraud will move inevitably to more vulnerable targets. The retail industry is beginning to see that the Web Payments Activity is working to provide solutions.
NACS (the Association for Convenience & Fuel Retailing) is a W3C member.
The Web Payments IG met 26-27 October in Sapporo as part of W3C’s annual TPAC meeting. We had strong attendance and discussed results after our first year, as well as next priorities. A meeting summary includes synposes of our discussions and links to presentations.
We plan to focus on the following topics over the next few months, developing proposals that I expect we will discuss at our next face-to-face meeting currently planned for the end of February 2016:
Many people in the Interest Group also participated in the first meeting of the Web Payments Working Group.