Innovations in Identity

payment security

Trulioo Talks Payment Security in a High Risk World at Mobile Payments Conference

Mobile Payments Conference Trulioo

There are seismic shifts taking place across the retail, financial and mobile payments and marketing landscape.  Although opinions may vary to what degree, no one discounts the fact that the industry is changing.

The 2015 Mobile Payments Conference in Chicago is where the future will unfold.  Mobile devices have quickly become integral parts of mobilizing retail, payments, marketing and social infrastructures. The 2015 Mobile Payments Conference will include all the key topics on everyone’s mind, separate FACT from FICTION and help you develop strategies that allow your business to adopt and align with this fast changing industry.

Meet with industry professionals in Chicago, August 31- September 2, 2015, and hear from senior executives and experts from the payments, banking, Bitcoin, crypto-currency, geo-location, mobile, location-based marketing, mobilizing retail, cybersecurity, and financial communities all under one roof.

Joined by IDology, Arxan Technologies, and Gemalto, Trulioo’s new president, Identity and Fraud Industry Expert Jon Jones will be tackling a hot issue in today’s mobile payment landscape – Payment Security in a High Risk World.mobile payment fraud cost

It’s been a long time coming, but it looks like mobile payments have finally gone mainstream. In the U.S., mobile payment transactions have risen from $32 billion in 2013 to $52 billion in 2014 and are expected to hit the $67 billion mark this year. With big names involved such as Starbucks and Apple, consumer adoption will continue to grow, as will the value of transactions.

However, not all is rosy in the world of mobile payments. Unfortunately, wherever there’s money to be made, you can count on fraudsters to beat a path in that direction. A report recently released by CardNotPresent.com makes this point very clear. Among the report’s findings was that over 60 percent of merchants are unable to determine the type of device used for a card-not-present transaction. In other words, nearly two-thirds of merchants surveyed can’t identify when a mobile device has been used to make a purchase.

“As barriers to mobile adoption continue to fall and mobile payments of all kinds surge, a green field is emerging for fraudsters,” said Steven Casco, CEO of CardNotPresent.com. “What was once not worth their time is becoming very lucrative and companies throughout the e- and m-commerce ecosystem are just beginning to understand how vulnerable they actually are.”

For more insight from industry experts about how businesses can tackle these trends impacting the bottom line and preventing top line growth, join the Lockdown: Payment Security in a High Risk World panel discussion on Tuesday, September 1 at 4.15pm at the 2015 Mobile Payments Conference in Chicago.

 

The information in this blog is intended for public discussion and educational purposes only. It does not constitute legal advice.

No Comments
Post a Comment