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Last updated: 06 Nov, 2015  

Payment Fraud: The War has Started

PR Newswire | 03 Nov, 2015
LONDON: The explosion of fraud in payment is a major concern for financial institutions as global business is based on trust. Fraudsters are clever and are able to quickly target unknown security breaches to succeed. In this webinar, we will focus on innovative ways to fight against fraud and discuss the latest trends in payment fraud.

Payment is in the heart of business activities. Unfortunately, banks and financial institutions have to face growing fraud. This online conference will explain more about the last trends from key players and the best way to protect payment process and will be followed by a live question-answer session.

This analyst briefing will provide a pragmatic view of current consumer perspectives. In particular, this presentation will help to:

    Learn about recent payment fraud
    Identify the existing and innovative solutions to fight against fraud
    Hear the proposed answers from key market stakeholders

"Payment is the crux of the matter in all businesses activities. As a result, it needs to be perfectly secured" says Jean-Noel Georges, Global Program Director at Frost & Sullivan. "Fraudsters are active where the money is and will naturally adapt their attacks to the payment system. In this webinar, we will focus on two innovative ways to fight against fraud when Cards are Not Present (CNP) and in real time."

Globally, in 2016, payment cards will reach 2,866.9 million units, most of these cards will be contactless cards (47.5 percent). According to the European Central Bank (ECB) in 2013, 66 percent of the value of fraud was resulted from card-not-present (CNP) payments. This is the reason why banks and financial institutions need to adapt their strategy by using innovative solutions.

To register for this complimentary web conference please, email Edyta Grabowska, Corporate Communications, at edyta.grabowska@frost.com. You may also receive a recorded version of the briefing at anytime by submitting your contact details.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

    The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
    The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Contact:

Edyta Grabowska

Corporate Communications – Europe
P: +48 22 481 62 03
E: edyta.grabowska@frost.com

http://www.frost.com

LinkedIn: Future Growth Opportunities in ICT


 
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