Member of the Board of Managers, EMVCo
Standards and the Future of Payments
As e-commerce grows as a percentage of total retail sales, so does fraud – and retailers are looking to adapt. With the Fraud Attack Index reporting that 1.5 million consumers whose accounts had already been compromised had additional accounts opened in their name, retailers need to consider identity verification and authentication as a part of their payments strategy. How can we fight against account takeovers and the use of synthetic identities, and how can we keep cardholder information secure?
With the uncertainty of who the customer is in payments – especially in the e-commerce space – it’s important that the identity industry be aware of standards, payment technologies and best practices that have emerged to address these identity challenges. This panel session will cover how emerging standards and technologies can work together to enable security and convenience in the payment space.