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Fight false declines and beat Black Friday blues

Black Friday is one of the biggest shopping events in the calendar but recent research suggests false declines could be harming merchant profits, especially at such sales boom times[1].

A false decline is when a merchant or issuer security systems flags a non-fraudulent transaction as fraudulent and, thus, refuses it.

The value of false declines per year now stands at $118bn and this is more than 13 times the $9bn lost annually to card fraud[2]. It has been estimated that one in six cardholders experienced a false decline because of (incorrectly) suspected fraud[3].

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MYPINPAD shortlisted for Most Innovative Online Product at The Fraud Awards 2016

LONDON, 12 August 2016 – MYPINPAD, an enabler of multi-factor authentication for touchscreen devices such as mobile phones and tablets, has been shortlisted for The Fraud Awards 2016, for Most Innovative Online Product. The awards ceremony will take place on the evening of 6th of October at the Retail Risk Leicester conference.

MYPINPAD has been recognised specifically for its simple and effective mobile authentication platform. Our solution utilises the cardholder PIN to authenticate card-not-present transactions, across sectors, devices and channels while meeting best security practices and regulations.

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