RBS uses data sharing service to fight CNP fraud

The Royal Bank of Scotland (RBS) is using a data sharing service to fight against the increasing problem of card not present (CNP) fraud for ecommerce merchants.

The Royal Bank of Scotland (RBS) is using a data sharing service to fight against the increasing problem of card not present (CNP) fraud for e-commerce merchants.

The service is being supplied by fraud prevention specialist Ethoca and will be available to customers of the bank’s risk management solution Risk Guardian.

The system will be available to its global list of e-commerce customers, and merchants already using PaymentTrust for payment or fraud management-related services will have access to the service through their existing integration.

RBS hopes its anti fraud activity will attract additional merchants to its growing customer base, and will it be actively promoting the strategic value of this new service.

"Effective data-sharing is without doubt a key next step in battling fraud in internet commerce and customer-not present environments. By adding Ethoca to RBS's payment platform and its Risk Guardian suite of CNP risk tools, merchants can safely share data for purposes of fraud management via a highly secure and easily integrated platform. RBS is confident that it can make a significant impact on fraud rates and profits for its customers."

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