The Australian Payments Clearing Association has not given up on its attempt to develop a co-ordinated industry response to card payment fraud, despite the recent rejection of a proposal to mandate an online payment security standard.Last month the Australian Competition and Consumer Commission knocked back an application from APCA, which was seeking to mandate the use of 3D Secure as a way of reducing online payment fraud.3D Secure was developed by Visa and has been made available to other card payment schemes, including MasterCard and American Express.The ACCC said it was concerned that mandating this product with no controls over pricing or access would harm competition."We do not endorse mandating a single anti-fraud product," the ACCC said in its draft determination.APCA said in its latest newsletter that combating card-not-present fraud was a priority and it was reviewing other options for an industry response."CNP fraud in Australia increased by 36 per cent in 2015. It now accounts for more than 70 per cent of the total fraud occurring in Australia on Australian issued cards," APCA said.In the meantime, APCA has issued voluntary third party digital wallet security guidelines, setting out a best practice guide and a frame of reference for managing potential data and transaction security risks.