Issuers, merchants, and acquirers that process card payments from their merchant customers spend heavily to protect themselves from card-not-present (CNP) fraud, which accounts for 54% of all fraud losses even though CNP purchases account for less than 15% of all sales billed to cards. Merchants incurred nearly all of the $15.04 billion in CNP fraud losses in 2018. However, issuers can help them by using technology from Keyno, which prevents CNP fraud through the use of dynamic card verification value (dCVV2) numbers stored in the cloud and made available on a mobile phone to be entered at ...