Across the globe, the payments landscape is changing and evolving as consumers and businesses embrace digital channels and immediate payment services. But with these exciting opportunities come new threats and risks for businesses to consider.
Payment fraud is evolving quickly – as the criminals increasing realize the end-user of payment services is the weakest-link and the most likely point of compromise. Payment fraud and scams are growing around the world and pose a significant threat to consumers and businesses. In the USA, the FBI recently reported losses to victims of $3.5bn related to online payment scams in 2019 – with Business Email Compromise representing the largest element at $1.7bn.
Successful payment services organizations will be the ones who can step-up and offer increased protection to their customers – preventing spiraling financial losses and loss of confidence in their payment services.
Andrew Davies, VP, Global Market Strategy, Fiserv, Alex Robinson, Fraud Expert and Dena Hamilton, VP, Product Management, both at Featurespace will discuss and share insight as to the evolving opportunities and challenges from the growth in payments and payment fraud.
In this session you will learn:
- About the evolution of payments in markets around the world
- How these new payment services are exploited by criminals
- About practical steps organizations can take to protect their customers
Watch now to gain invaluable insights from industry experts.
VP, Global Market Strategy, Financial Crime Risk Management,
Fraud Market Expert,
VP of Product, Featurespace
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