This issue contains our annual Fact Book, an essential directory of players in the merchant acquiring business, based on a survey of our readers. To get the magazine, please contact Customer Service at firstname.lastname@example.org or 212-803-8500
September 27, 2017 - September 28, 2017, Omni Rancho Las Palmas Resort & Spa, Rancho Mirage, CA Our Mission is to serve the acquiring business community by providing education and creating a welcoming networking medium for all involved, providing a forum for training, education, and networking with financial institutions, sales agents, ISO’s and MLS’s.
Historically, the industry has placed much greater emphasis on preventing fraud at the point of transaction without doing enough to stop fraudulent account openings, writes Melissa Townsley, co-founder and CEO of GIACT systems.
Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny, writes David E. Johnson, CEO of Strategic Vision.
With more vendors issuing EMV cards, cybercriminals are turning to cart-not-present fraud as a way to defraud consumers. A mix of weapons is necessary to counter it, writes Robert Capps, authentication strategist and vice president at NuData Security.
Unattended gas pumps would seem to be the perfect use case for EMV's anti-counterfeiting security, but many gas station owners are putting off their upgrades for as long as possible due to hardships that other retail categories don't face.
Alipay and WeChat Pay will force traditional payment networks to up their game, particularly in in-play emerging markets. Whether they can become relevant at scale for consumers outside China remains to be seen, writes Eric Grover, a principal at Intrepid Ventures.
With the high-performance and capabilities AI provides, this technology will serve as one of the most valued assets in the future, writes Arushi Srivastava, senior director of public sector for NTT Data Services.
By replacing human judgment with other identity technologies, higher levels of verification accuracy can be achieved in a fraction of the time, writes Romana Sachová, co-chair of the Security and Biometrics Workgroup at Mobey Forum.
The breach may result in a huge new dump of names, addresses, Social Security numbers and other personal information that fraudsters can leverage to gain access to a legitimate user’s account, writes Jason Tan, CEO of Sift Science.
It's only the early days after the Equifax breach, but breadth of the data has the potential to reverberate for some time, requiring a mix of detection, prevention and response, according to John Gunn, chief marketing officer at VASCO Data Security; Atiq Raza, CEO of Versec; and Tim Erlin, vice president of product management and strategy at Tripwire.
While many fintech companies and payment startups have good ideas, they don't yet understand the complexity of integrating into a community bank’s core banking system. That's where partnerships can help, writes Steven J. Ramirez, CEO of Beyond the Arc.
For retailers, WeChat’s hyperactive and massive user base is a goldmine, but mini-apps don't solve the most prominent demand of retailers: to acquire and retain new traffic, writes Franklin Chu, managing director of Azoya International.
The gig or sharing economy has transformed and disrupted the global workforce. It has redefined what we should expect from our payments, writes Ralph Perdomo, a research analyst and writer at Nvoicepay.