Search: CNP
RBA Glossary definition for CNP
CNP – Card not present
Search Results
Trends in Payments, Clearing and Settlement Systems
14 Sep 2017
PSB Annual Report
– 2017
The fraud rate for CNP transactions is estimated to be around 8 times the rate for card-present transactions. ... The industry has recently been considering initiatives to address the steep rise in CNP fraud, particularly online card fraud.
https://www.rba.gov.au/publications/annual-reports/psb/2017/trends-in-payments-clearing-and-settlement-systems.html
Retail Payments Regulation and Policy Issues
17 Oct 2019
PSB Annual Report
– 2019
not-present (CNP) debit transactions, whereas previously these would have attracted lower rates. ... In recent years, the industry has been pursuing various initiatives to tackle the rise of CNP fraud.
https://www.rba.gov.au/publications/annual-reports/psb/2019/retail-payments-regulation-and-policy-issues.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
However, in 2019, CNP fraud losses declined by 13 per cent to $485 million, reflecting lower fraud losses on Australian-issued cards. ... The CNP Fraud Mitigation Framework implemented by the industry in mid 2019 is also helping to reduce CNP fraud
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
Retail Payments Regulation and Policy Issues
20 Sep 2018
PSB Annual Report
– 2018
A second strand has focused on improved fraud detection tools. More recently, however, the industry has been developing a coordinated strategy to reduce CNP fraud. ... AusPayNet was tasked with drafting a CNP fraud mitigation framework, which was
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html
Strategic Priorities for the Reserve Bank's Payments Work
17 Oct 2019
PSB Annual Report
– 2019
As more transactions have moved online in recent years, card-not-present (CNP) payment fraud has grown significantly. ... The Bank has therefore been encouraging the industry to take action to mitigate the upward trend in CNP fraud.
https://www.rba.gov.au/publications/annual-reports/psb/2019/strategic-priorities-for-the-reserve-banks-payments-work.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
The industry has been working to reduce CNP fraud given rising losses and the expected continued growth in online card transactions. ... An industry framework to mitigate CNP fraud was recently developed by AusPayNet and came into effect in July 2019.
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Retail Payments Regulation and Policy Issues
15 Oct 2020
PSB Annual Report
– 2020
In addition, the industry, led by AusPayNet, has recently implemented a coordinated framework that aims to reduce CNP fraud through stronger authentication of online transactions. ... Breaches of the requirements by merchant acquirers or issuers can
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html
Trends in Payments, Clearing and Settlement Systems
20 Sep 2018
PSB Annual Report
– 2018
In contrast to CNP fraud, card-present (CP) scheme fraud losses fell by around $25 million in 2017. ... An industry framework for mitigating CNP fraud is currently being developed by AusPayNet, and is expected to be implemented over the coming year,
https://www.rba.gov.au/publications/annual-reports/psb/2018/trends-in-payments-clearing-and-settlement-systems.html