Gaining a Fresh Perspective on Payment Fraud at Money 20/20 |
Posted: October 16, 2017 |
The payment industry is grappling with an ever intensifying fraud landscape incorporating credit/debit card fraud, data breaches, phishing scams and ATM skimming. Money Laundering and financial scams still dominate global news, despite the introduction of stringent legislation in recent years. E-commerce related fraud has been witnessing an upward trend, with merchants experiencing revenue losses due to various fraudulent transactions. According to a report, card-not-present fraud is projected to be as high as $6 Billion by 2018. Additionally, phone hijacking is escalating as a way to siphon funds from online crypto currency wallets. Data Security is Still a Question Mark The enhanced cyber security concern has put financial sector under constant pressure to keep customer information secure from scammers. The recent Equifax data breach has compromised personal data of approximately 145.5 Million consumers, leading to a quantum increase in fraud incidents. Such massive data breaches serve as a wake-up call for organizations to consider their cyber security measures. Business Engagement Is Need of the Hour Organizations continue to fall prey to advanced attacks by hackers leading to considerable financial losses, reputational damage and loss of customer trust. To deal with this ever-growing fraud, business engagement has become the key to survival. Events are making a big splash and help spur new ideas. Money 20/20, the leading payments and FinTech event, addresses the challenges faced in the payment industry and offers a global perspective on the development of advanced fraud prevention solutions. Money 20/20: Where FinTech and Financial Service Industries Connect Money 20/20 is the world largest marketplace for innovations, ideas and connections in payment and financial services. The breakthrough event is expected to witness an impressive footfall of financial institutions and merchants with around 11,000 attendees from 85 countries. The meeting agenda will focus on new business opportunities, strengthening partnerships, raising brand awareness and discovering the latest payment disruptions. Quatrro Processing: Your First Line of Defense against Fraud Quatrro Processing will etch its presence at the event, introducing merchants and FIs with an integrated suite of fraud detection and prevention services across multiple payment channels that help build brand value and resolve false positives. Robust technological advances amalgamated with behavioral analysis help in chargeback management, maximize revenue and meet regulatory requirements. Quatrro Processing fraud prevention solutions through 100% anomaly detection mode enable businesses safely endorse payment transactions bringing huge benefits to organizations, driving down costs and better customer satisfaction. Contact Details: Website: www.quatrroprocessing.com Email: [email protected] / [email protected] Call Now: (262) 671 2928
|
||||||||||||||||||
|