Hotwire Issue Radar: Unlocking hidden EMV data strengthens card security
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Fraud Analysts have discovered a way to exploit hidden EMV data to strengthen card security. This data can identify fraud patterns, credit risk situations and further enhance customer service.
While SEPA is pushing EMV compliance as the de facto approach to security and risk management, this new technology brings other challenges such as how to track changing fraud patterns, how to implement flexible systems that can respond to changes in the chip data and how to understand what all the new chip data means.
Banks can use the risk management data that EMV provides to assist in the battle against fraud, provide management information for operational analysis and learn more about fraud patterns post EMV issuance. By unlocking this data, it is now possible to track and stop fraudulent transactions once they have has passed the POS sale terminal. This “safety net” cuts fraudulent transactions significantly.
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Banking & Finance 
