Payment Card, CNP Fraud Minimiser

Terms of Reference

Refer to the post, Terms of Use Agreement Xerqon Technologies, WIX Blog 2025, for early, legal due diligence.

CNP (Card Not Present) is the most common way that payment card, criminal exploitation occurs. For payment card providers, their application development partners are likely to be their banking customers who share the card providers' card protection brand strength. Branding is one of the most powerful impactors of an organisation's financial position, into the 21st century. No serious enterprise can afford the shareholder revolt if the board does not take that as a fundamental focus of their business goals.

Xerqon proposes a simple set of procedures to curtail this phenomenon completely, if adhered to.

All card interactions, including transactions and all other manner of payment card enquiries can be protected by simple technological application.

To protect a payment card user from being defrauded, observe the following.

1. Use the phone application of the bank who hosts the card, for all card interactions.

   
   

2. For face-to-face interactions, the card transaction must be acknowledged on the banking application, by the customer responding to a Boolean challenge. It must vary in format. The challenge question for a transaction made may be, "Did you just fail to make a transaction at 20:45, 05 March 2026 in Summersdale? Please answer, 'yes' or 'no'." You would answer, "no," if you did just make it. The normal or affirmative format will usually be presented, such as, "Did you just make a face-to-face purchase at 20:45, 05 Mar 2026 in Summersdale?" To acknowledge the yes or no choice correctly, the customer would select, "yes," if they made the transaction.

   
   

3. To log into the application, it is a lot more convenient to take the last 4 digits of a card number and its 4 digit expiry date, than to retain a customer ID number or customer reference number.

   
   

4. A unique, 7 digit (less date of birth related) number is required as the passcode.

   
   

5. The CVV or card protective code is simply OTP (One Time Password).

   
   

6. No portion of the CVV should ever be printed on the card, except as a remaining decoy for unwitting card thieves.

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