Payment Fraud: The War has Started

Frost & Sullivan's online conference will discuss best approaches to fight fraudsters

LONDON, Nov. 3, 2015 /PRNewswire/ --

Photo - http://photos.prnewswire.com/prnh/20151103/283186

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

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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

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SOURCE Frost & Sullivan