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RBA Glossary definition for CNP

CNP – Card not present

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Applications for Authorisation in Relation to 3D Secure – February 2016 | Payments System | Submissions

19 May 2023 Submissions
Fraudulent CNP transactions accounted for around 80 per cent of total losses ($370 million in 2014/15). ... The remaining two-thirds of CNP fraud losses (or $252 million) relate to outbound and inbound international transactions.
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-3d-secure/index.html

Applications for Authorisation in Relation to PIN@POS – Auguest 2013 | Payments System | Submissions

19 May 2023 Submissions
Although the industry initiative related to the authorisation application is aimed at addressing card-present fraud, it is worth noting that card-not-present (CNP) fraud accounted for around three quarters ... Accordingly, while not the focus of the
https://www.rba.gov.au/publications/submissions/payments-system/applications-for-authorisation-re-pin@pos-2013-08/index.html

Abbreviations

28 Sep 2022 PSB Annual Report – 2022
Chi-X. Chi-X Australia Pty Ltd. CME. Chicago Mercantile Exchange Inc. CNP.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html

Abbreviations

21 Oct 2021 PSB Annual Report – 2021
Chi-X. Chi-X Australia Pty Ltd. CME. Chicago Mercantile Exchange Inc. CNP.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html

Retail Payments Regulation and Policy Issues

21 Oct 2021 PSB Annual Report – 2021
A major focus for the payments industry in recent years has been on implementing measures to address rising fraud related to card-not-present (CNP) transactions (i.e. ... The industry, led by AusPayNet, also introduced the CNP Fraud Mitigation Framework,
https://www.rba.gov.au/publications/annual-reports/psb/2021/retail-payments-regulation-and-policy-issues.html

Abbreviations

15 Oct 2020 PSB Annual Report – 2020
Chi-X. Chi-X Australia Pty Ltd. CME. Chicago Mercantile Exchange Inc. CNP.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.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

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

Payments System Board Update: August 2020 Meeting

21 Aug 2020 Media Releases
Today’s Payments System Board meeting discussed its annual assessment of the ASX clearing and settlement facilities, work on the Review of Retail Payments Regulation, implications of declining cash use for the provision of cash services, and
https://www.rba.gov.au/media-releases/2020/mr-20-19.html