Emerging Trends in the Payment Ecosystem: The Good, the Bad and the Ugly DAN KRAMER
|
|
- Audra Cross
- 8 years ago
- Views:
Transcription
1 Emerging Trends in the Payment Ecosystem: The Good, the Bad and the Ugly DAN KRAMER SHAZAM, Senior Vice President
2 Agenda The Ugly Fraud The Bad EMV? The Good Tokenization and Other Emerging Payment Options
3 The Ugly Fraud
4 Alarming (but not Surprising) Stats Regional banks and credit unions were targeted by onequarter of all phishing volume in December, 2014 Nearly 439 million records were stolen in the past 6 months FBI Nearly 519 million records were stolen in the past 12 months FBI About 110 million Americans, equivalent to about 50% of U.S. adults, have had their personal data exposed in some form in 2014
5 Alarming (but not Surprising) Stats About 80% of hacking victims in the business community didn't even realize they'd been hacked until they were told by government investigators, vendors or consumers Verizon About 35% of the thefts were from website breaches, 22% were from cyberespionage, 14% occurred at the point of sale when someone bought something at a retail store, and 9% came when someone swiped a credit or debit card FBI
6 Top Data Breaches in 2014 Security Week ebay information of 145 million users JPMorgan records of 76 million household customers and 7 million business customers The Home Depot 56 million customer payment cards and 53 million customer addresses Community Health Systems information of 4.5 million patients Staples 1.16 million payment cards
7 MasterCard Global Fraud Statistics 4Q 2014 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 US Worldwide $100,000,000 $50,000,000 $0 Lost Stolen NRI Fraud App Counterfeit Acct Takeover CNP
8 Visa Global Fraud Statistics 4Q 2014 $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000 $400,000,000 US Worldwide $300,000,000 $200,000,000 $100,000,000 $0 Lost Stolen NRI Fraud App Counterfeit Acct Takeover CNP
9 SHAZAM Fraud Trending % SHAZAM Network Fraud Rate Trending PIN Signature % % % % % % % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
10 Emerging Risks Compromises are no longer about the immediate theft and use of the data Thieves are installing key loggers, and rats, among other items and letting them simmer for months before using There s not a single security approach or technology that ll prevent the value of stealing account and card data as long as transactions can occur without authentication malware,
11 New Challenges Mobile devices Cloud computing and personal usage exploding Alternative payment apps
12 The Bad EMV?
13 EMV What is EMV? EMV stands for Europay, MasterCard, and Visa Chip and PIN card The chip stores cardholder and application data more securely protection against card reproduction fraud Contact or contactless
14 Chip Card Card Same size as mag stripe card Chip Embedded microprocessor (a small computer)
15 Contact vs. Contactless Contact The card is inserted into the terminal The terminal can communicate with the card via the metal face of the chip Contactless The card is tapped against the contactless card reader The contactless EMV interface is the same one used for smartphones equipped with NFC readers
16 Advantages of EMV Better security for card-present situations Card skimming is more difficult PIN with payment card reduces fraud EMV payment credentials are dynamic
17 Why EMV is Only Part of the Solution Most retailers are not EMV-enabled Chip cards still have magnetic stripes Data from magnetic stripe-read transactions can be used to create counterfeit cards EMV fraud savings realized when at least 80% of terminals have migrated to EMV
18 Why EMV is Only Part of the Solution Card number, expiration date and cardholder name sent in the clear from chip card to terminal Skimmer software can steal the data elements Data can be used for purchases on websites, over the phone or through the mail
19 Why EMV is Only Part of the Solution Are issuers required/mandated to issue EMV cards? There is no mandate for issuers to issue EMV cards. The mag stripe will still be on cards for the foreseeable future. Until that time, the magnetic stripe is still subject to counterfeit fraud.
20 Why EMV is Only Part of the Solution How much less fraud can I expect with EMV cards? In looking at fraud trends worldwide, upgrading to EMV causes fraud to migrate to other channels, but doesn t eliminate it.
21 Why EMV is Only Part of the Solution Counterfeit 38% Lost 8% Stolen 8% Card Not Present 41% Non Receipt of Card 1% Fraud App 2% Acct Takeover 2%
22 Liability Shift The party that hasn t upgraded to chip technology will be liable for card-present fraud (counterfeit) that could ve been prevented by the use of chip technology
23 Liability Shift Liability Condition Counterfeit Mag stripe only card Mag stripe only terminal Chip card Mag stripe only terminal Mag stripe only card Chip terminal Chip card Chip terminal Before Liability Shift Issuer Issuer Issuer Issuer After Liability Shift Issuer Merchant Issuer Issuer
24 Industry Caution The payment ecosystem is made up of hundreds, if not, thousands of connections that enable authorizations to route through 18 competitive debit networks The ability to process EMV will not be supported by everyone at the same time Other countries have taken nearly ten years to fully deploy chip technology Solution must satisfy U.S. law Acquirer processor challenges
25 Industry Status Big box retailers accepting EMV credit Clarity just beginning to form on debit Acquirers in the industry still working on how to provide routing choice Rumblings of changes to EMV cards to support tokenization Significant rhetoric and positioning being done in the industry
26 The Good Tokenization and Other Emerging Payment Options
27 Tokenization
28 Tokenization What is tokenization?
29 Tokenization Replacing sensitive data with unique identification symbols that retain all essential information without compromising its security Helps minimize the amount of data a business needs to keep on hand Enhances the security of cardpresent and card-not-present transactions and minimizes the cost and complexity of compliance.
30 Tokenization Process Secure token vault with link between card and token numbers Card Data Tokenized Number
31 Why Tokenize? Protects real card data at point of capture in a transaction Addresses potential for fraud in card-not-present scenario within online/mobile channel Token used throughout the payment chain and real PAN known only to Token Service Provider (TSP), issuer and cardholder
32 Tokenization Scenarios ecommerce Merchant NFC and Chip Digital Wallet / HCE QR and Bar Code Merchant uses tokens instead of PANs in card-on-file database Tokenized account number in NFC or chip device Tokenized account number in the Cloud QR or bar code supplier put a bar code in front of card on file
33 Tokenization Challenges Currently NO Industry Standards SHAZAM s working hard to highlight the need for a common standard in the industry DNA is pushing the topic of tokenization in the EMV Migration Forum The Merchant Advisory Group (MAG) Secure Remote Payment Council (SRPc) This battle is just forming!
34 Other Emerging Payment Options
35 Apple Pay Fundamentals Apple s version of a mobile wallet Uses near field communication (NFC) technology Wave your iphone 6 model over a contactless reader with your finger on the TouchID No need to open an app Requires an initial enrollment process using the Passbook app Uses tokenization for added payment security
36 Apple Pay Enrollment
37 Apple Pay Users Source Copyright Phoenix Marketing International 2015
38 Apple Pay Acceptance Source Copyright Phoenix Marketing International 2015
39 Apple Pay Future Potential Apple s brand loyalty and strong reputation will definitely add legitimacy to the mobile wallet As merchants upgrade equipment for EMV, they will likely include NFC compatibility, too Apple Pay s fingerprint ID and tokenization to address security Apple Pay reinforces support for NFC and EMV contactless in the marketplace
40 Samsung Pay Galaxy S6 and Galaxy S6 edge models only Conducts wireless payments without NFC Utilizes LoopPay relying on a technology called Magnetic Secure Transmission o o o Broadcasts data magnetically Allows users to pay at almost any mag stripe terminal Sends payment by tapping your phone on side of terminal
41 Samsung Pay No additional tech required by vendor Users can store multiple cards in the app o Switch back and forth with a tap Because Samsung Pay will work just about anywhere mag strip readers are used Samsung Pay has a much wider reach than its rivals.
42 Google Wallet / Android Pay Google Wallet P2P app for Android and ios Android Pay in-store and in-app payments Purchased Softcard Operating system controls 78.9 percent of market o Any Android phone from any wireless carrier o All versions of Android operating system back to KitKat o Better position to challenge Apple Pay
43 Google Wallet / Android Pay Cloud based unlike hardware based Apple Pay Ability to make a contactless payment without opening app New features including fingerprint recognition for in-store and in-app payments Can also power third-party apps
44 MCX and CurrentC Merchant-owned mobile commerce network New CEO Will simplify and expedite the customer checkout process by applying qualifying: o Offers and coupons o Merchant rewards o Loyalty programs o Membership accounts
45 MCX and CurrentC Uses barcode system (digital QR codes) and cloud based technologies, not NFC o This allows consumers to be able to use the smartphone they currently have No card data stored on phone, remains in cloud and generates token to verify consumer s identity Underwhelming soft launch last year
46 Thank you! QUESTIONS?
Understand the Business Impact of EMV Chip Cards
Understand the Business Impact of EMV Chip Cards 3 What About Mail/Telephone Order and ecommerce? 3 What Is EMV 3 How Chip Cards Work 3 Contactless Technology 4 Background: Behind the Curve 4 Liability
More informationEMV and Restaurants: What you need to know. Mike English. October 2014. Executive Director, Product Development Heartland Payment Systems
October 2014 EMV and Restaurants: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks, service marks
More informationPreparing for EMV chip card acceptance
Preparing for EMV chip card acceptance Ben Brown Vice President, Regional Sales Manager, Wells Fargo Merchant Services Lily Page Vice President, Wholesale ereceivables, Wells Fargo Merchant Services June
More informationWhat Merchants Need to Know About EMV
Effective November 1, 2014 1. What is EMV? EMV is the global standard for card present payment processing technology and it s coming to the U.S. EMV uses an embedded chip in the card that holds all the
More informationTokenization: FAQs & General Information. www.tsys.com BACKGROUND. GENERAL INFORMATION What is Tokenization?
FAQ Tokenization: FAQs & General Information BACKGROUND As technology evolves, consumers are increasingly making their purchases online or through mobile devices and digital wallet applications and their
More informationAndroid pay. Frequently asked questions
Android pay Frequently asked questions June 2015 Android Pay - FAQs In May 2015, Android Pay was announced by Google. Android Pay is Google s payments solution that allows consumers to do in-store and
More informationTHE FIVE Ws OF EMV BY DAVE EWALD GLOBAL EMV CONSULTANT AND MANAGER DATACARD GROUP
THE FIVE Ws OF EMV BY DAVE EWALD GLOBAL EMV CONSULTANT AND MANAGER DATACARD GROUP WHERE IS THE U.S. PAYMENT CARD INDUSTRY NOW? WHERE IS IT GOING? Today, payment and identification cards of all types (credit
More informationOpenEdge Research & Development Group April 2015
2015: Security, Merchant Readiness & the Coming Liability Shift OpenEdge Research & Development Group April 2015 solutions@openedgepay.com openedgepay.com 2015: Security, Merchant Table of Contents The
More informationA Brand New Checkout Experience
A Brand New Checkout Experience EMV Transformation EMV technology is transforming the U.S. payment industry, bringing a whole new experience to the checkout counter. Introduction What is EMV? It s 3 small
More informationA Brand New Checkout Experience
A Brand New Checkout Experience EMV Transformation EMV technology is transforming the U.S. payment industry, bringing a whole new experience to the checkout counter. Introduction What is EMV? It s 3 small
More informationEMV FAQs. Contact us at: CS@VancoPayments.com. Visit us online: VancoPayments.com
EMV FAQs Contact us at: CS@VancoPayments.com Visit us online: VancoPayments.com What are the benefits of EMV cards to merchants and consumers? What is EMV? The acronym EMV stands for an organization formed
More informationMCX/CURRENTC. This payment app will be unique from other mobile payments options in that it is not device specific. Consumers
Payment Services WHITE PAPER MOBILE PAYMENTS TECHNOLOGY Intelligent solutions to connect with your members. THE HISTORY OF MOBILE As mobile devices have permeated the marketplace, developers have focused
More informationThe Impact of Emerging Payment Technologies on Retail and Hospitality Businesses. National Computer Corporation www.nccusa.com
The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses The Impact of Emerging Payment Technologies on Retail and Hospitality Businesses Making the customer payment process convenient,
More informationTHE ROAD TO U.S. EMV MIGRATION Information and Strategies to Help Your Institution Make the Change
THE ROAD TO U.S. EMV MIGRATION Information and Strategies to Help Your Institution Make the Change Advancements in technological capabilities, along with increasing levels of counterfeit fraud, led the
More informationDigital Payment Solutions TSYS Enterprise Tokenization:
Digital Payment Solutions TSYS Enterprise : FAQs & General Information FAQ TSYS DIGITAL DIGITAL PAYMENT PAYMENTS SOLUTIONS SOLUTIONS Account Holder Experience Apple Pay 1 Android Pay 2 Samsung Pay 2 Issuer
More informationEMV and Small Merchants:
September 2014 EMV and Small Merchants: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks, service
More informationEMV and Chip Cards Key Information On What This Is, How It Works and What It Means
EMV and Chip Cards Key Information On What This Is, How It Works and What It Means Document Purpose This document is intended to provide information about the concepts behind and the processes involved
More informationSecure Payments Framework Workgroup
Secure Payments Framework Workgroup EMV for the US Hospitality Industry Version 1.0 About HTNG Hotel Technology Next Generation (HTNG) is a non-profit association with a mission to foster, through collaboration
More informationApple Pay. Frequently Asked Questions UK Launch
Apple Pay Frequently Asked Questions UK Launch Version 1.0 2015 First Data Corporation. All Rights Reserved. All trademarks, service marks and trade names referenced in this material are the property of
More informationtoast EMV in 2015: How Restaurants Can Prepare for the New Chip-and-Pin Standard
toast EMV in 2015: How Restaurants Can Prepare for the New Chip-and-Pin Standard Table of Contents For more than 40 years, merchants and consumers have used magnetic stripe credit cards and compatible
More informationChanging Consumer Purchasing Patterns. John Mayleben, CPP SVP, Technology and Product Development Michigan Retailers Association
Changing Consumer Purchasing Patterns John Mayleben, CPP SVP, Technology and Product Development Michigan Retailers Association Michigan Retailers Association! Michigan Retailers Association is trade
More informationThe State of Pay. A mobile revolution. semble.co.nz
The State of Pay A mobile revolution semble.co.nz 2 November 2015 2 Overview The introduction of the mobile wallet represents the most significant evolution in payments for New Zealand since the Eftpos
More informationHow Secure are Contactless Payment Systems?
SESSION ID: HT-W01 How Secure are Contactless Payment Systems? Matthew Ngu Engineering Manager RSA, The Security Division of EMC Chris Scott Senior Software Engineer RSA, The Security Division of EMC 2
More informationPractically Thinking: What Small Merchants Should Know about EMV
Practically Thinking: What Small Merchants Should Know about EMV 1 Practically Thinking: What Small Merchants Should Know About EMV Overview Savvy business owners know that payments are about more than
More informationU.S. Smart Card Migration: Stripe to EMV Claudia Swendseid, Federal Reserve Bank of Minneapolis Terry Dooley, SHAZAM Kristine Oberg, Elavon
U.S. Smart Card Migration: Stripe to EMV Claudia Swendseid, Federal Reserve Bank of Minneapolis Terry Dooley, SHAZAM Kristine Oberg, Elavon UMACHA Navigating Payments 2014 October 8, 2014 Who We Are Claudia
More informationInside the Mobile Wallet: What It Means for Merchants and Card Issuers
Inside the Mobile Wallet: What It Means for Merchants and Card Issuers Welcome to the age of Universal Commerce commerce that is integrated, personalized, secure, open, and smart. The lines between in-store
More informationApple Pay. Frequently Asked Questions UK
Apple Pay Frequently Asked Questions UK Version 1.0 (July 2015) First Data Merchant Solutions is a trading name of First Data Europe Limited, a private limited company incorporated in England (company
More informationChip Card (EMV ) CAL-Card FAQs
U.S. Bank Chip Card (EMV ) CAL-Card FAQs Below are answers to some frequently asked questions about the migration to U.S. Bank chipenabled CAL-Cards. This guide can help ensure that you are prepared for
More informationEMV 101: What small businesses need to know
EMV 101: What small businesses need to know DEMETRIOS MARANTIS, Head of Global Policy and Government Affairs OWEN J ENNINGS, Square Business Team June 2015 Cosponsorship Authorization # 15-2050-102. SBA
More informationEMV and Restaurants What you need to know! November 19, 2014
EMV and Restaurants What you need to know! Mike English Executive Director of Product Development Kristi Kuehn Sr. Director, Compliance November 9, 204 Agenda EMV overview Timelines Chip Card Liability
More informationHeartland Secure. By: Michael English. A Heartland Payment Systems White Paper 2014. Executive Director, Product Development
A Heartland Payment Systems White Paper 2014 Heartland Secure. By: Michael English Executive Director, Product Development 2014 Heartland Payment Systems. All trademarks, service marks and trade names
More informationHow To Protect Your Restaurant From A Data Security Breach
NAVIGATING THE PAYMENTS AND SECURITY LANDSCAPE Payment disruptions impacting restaurant owners today An NCR Hospitality white paper Almost every month we hear a news story about another data breach that
More informationwelcome to liber8:payment
liber8:payment welcome to liber8:payment Our self-service kiosks free up staff time and improve the overall patron experience. liber8:payment further enhances these benefits by providing the convenience
More informationA RE T HE U.S. CHIP RULES ENOUGH?
August 2015 A RE T HE U.S. CHIP RULES ENOUGH? A longer term view of security and the payments landscape is needed. Abstract: The United States is finally modernizing its card payment systems and confronting
More informationEMV in Hotels Observations and Considerations
EMV in Hotels Observations and Considerations Just in: EMV in the Mail Customer Education: Credit Card companies have already started customer training for the new smart cards. 1 Questions to be Answered
More informationPayments Transformation - EMV comes to the US
Accenture Payment Services Payments Transformation - EMV comes to the US In 1993 Visa, MasterCard and Europay (EMV) came together and formed EMVCo 1 to tackle the global challenge of combatting fraudulent
More informationCANADA VS THE USA - THE CONTRAST AND LESSONS FOR MOBILE PAYMENTS
CANADA VS THE USA - THE CONTRAST AND LESSONS FOR MOBILE PAYMENTS Presented by: Jacqueline Chilton, Founding Partner, Muration Group Catherine Johnston, President & CEO ACT Canada Muration Group 2014 2
More informationHow To Comply With The New Credit Card Chip And Pin Card Standards
My main responsibility as a Regional Account Manager for IMD is obtain the absolute lowest possible merchant fees for you as a business. Why? The more customers we can save money, the more volume of business
More informationA Solution to the Mobile Wallet Conundrum
A Solution to the Mobile Wallet Conundrum 2014 Cortex MCP Page 1 Introduction: A new approach is needed to make the Mobile Wallet mainstream More people than ever are using smartphones to place and take
More informationIntroductions 1 min 4
1 2 1 Minute 3 Introductions 1 min 4 5 2 Minutes Briefly Introduce the topics for discussion. We will have time for Q and A following the webinar. 6 Randy - EMV History / Chip Cards /Terminals 5 Minutes
More informationPREVENTING PAYMENT CARD DATA BREACHES
NEW SCIENCE TRANSACTION SECURITY ARTICLE PREVENTING PAYMENT CARD DATA BREACHES DECEMBER 2014 UL.COM/NEWSCIENCE NEW SCIENCE TRANSACTION SECURITY OVERVIEW From research on the latest electronic transaction
More informationMobile Near-Field Communications (NFC) Payments
Mobile Near-Field Communications (NFC) Payments OCTOBER 2013 GENERAL INFORMATION American Express continues to develop its infrastructure and capabilities to support growing market interest in mobile payments
More informationWe believe First Data is well positioned to take advantage of all of these trends given the breadth of our solutions and our global operating
Given recent payment data breaches, clients are increasingly demanding robust security and fraud solutions; and Financial institutions continue to outsource and leverage technology providers given their
More informationOpenEdge Research & Development Group April 2015
2015: Development, Merchant Readiness & the Coming Liability Shift OpenEdge Research & Development Group April 2015 developers@openedgepay.com openedgepay.com 2015: Development, Merchant Table of Contents
More informationWhat is EMV? What is different?
U.S. consumers are receiving new debit and credit cards with embedded chip technology that better stores and protects cardholder information. These new chip cards are part of the new card standard, Europay,
More informationEMV EMV TABLE OF CONTENTS
2 TABLE OF CONTENTS Intro... 2 Are You Ready?... 3 What Is?... 4 Why?... 5 What Does Mean To Your Business?... 6 Checklist... 8 3 U.S. Merchants 60% are expected to convert to -enabled devices by 2015.
More informationApple Pay & The New Environment for Mobile Payment Apps
Apple Pay & The New Environment for Mobile Payment Apps Events, Timing & Methodology I SEPT 9 Apple Press Conference SEPT 18 2104 CPM Data Collection SEPT 25 iphone6 In-Stores Consumer Payments Monitor
More informationTHE ROAD TO CONTACTLESS PAYMENTS
THE ROAD TO CONTACTLESS PAYMENTS EMV, Apple Pay and tokenization Are you ready to handle transactions from a variety of channels? With EMV coming to the US in 2015, all eyes are on the new security features
More informationMOBILE PAYMENT IN THE EU: ROLE OF NFC. Gerd Thys Product Manager Clear2Pay Open Test Solutions (OTS) gerd.thys@clear2pay.com
MOBILE PAYMENT IN THE EU: ROLE OF NFC Gerd Thys Product Manager Clear2Pay Open Test Solutions (OTS) gerd.thys@clear2pay.com READY FOR MOBILE PAYMENT AT THE PUMP? Germany : One in three willing to pay for
More informationFlexible and secure. acceo tender retail. payment solution. tender-retail.acceo.com
Flexible and secure payment solution acceo tender retail payment solution tender-retail.acceo.com Take control of your payment transactions ACCEO Tender Retail is a specialized middleware that handles
More informationThe future of contactless mobile payment: with or without Secure Element?
The future of contactless mobile payment: with or without Secure Element? By Sylvain Godbert, mobile payment and security expert at Nextendis By Jean-Philippe Amiel, director of Nextendis February, 2015
More informationU.S. Bank. U.S. Bank Chip Card FAQs for Program Administrators. In this guide you will find: Explaining Chip Card Technology (EMV)
U.S. Bank U.S. Bank Chip Card FAQs for Program Administrators Here are some frequently asked questions Program Administrators have about the replacement of U.S. Bank commercial cards with new chip-enabled
More informationThe Future of Mobile Payment. Christopher Boone President & CEO, Cimbal Inc. E: chris@cimbal.com T: (650) 743-2732
The Future of Mobile Payment Christopher Boone President & CEO, Cimbal Inc. E: chris@cimbal.com T: (650) 743-2732 April 23, 2014 A Little About Me Christopher Boone President & CEO, Cimbal, Inc. 20 years
More informationGrow with our omni-channel payment processing technologies and merchant services.
Grow with our omni-channel payment processing technologies and merchant services. Get ready for growth Payment processing solutions ecommerce mcommerce In-app payments Virtual terminal Card present EMV
More informationOVERVIEW OF MOBILE PAYMENT LANDSCAPE
OVERVIEW OF MOBILE PAYMENT LANDSCAPE NEACH FORUM September 10, 2014 Marianne Crowe Federal Reserve Bank of Boston Disclaimer: The views expressed in this presentation are those of the presenter and do
More informationPCI and EMV Compliance Checkup
PCI and EMV Compliance Checkup ATM Security Jim Pettitt Director, ATM Security Diebold Incorporated Agenda ATM threats today Top of mind risk PCI Impact on Security U.S. EMV Migration Conclusions / recommendations
More informationCard Network Update Chip (EMV) Acceptance in the United States At-A-Glance
Card Network Update Chip (EMV) Acceptance in the United States At-A-Glance Allegiance Merchant Services is committed to assisting you in navigating through the various considerations that you may face
More informationBringing Mobile Payments to Market for an International Retailer
Bringing Mobile Payments to Market for an International Retailer Founded in 2011, Clearbridge Mobile has emerged as a world class studio developing state of the art wearable and mobile wallet / payment
More informationEMV's Role in reducing Payment Risks: a Multi-Layered Approach
EMV's Role in reducing Payment Risks: a Multi-Layered Approach April 24, 2013 Agenda EMV Rationale Why is this worth the effort? Guides how we implement it EMV Vulnerability at the POS EMV Impact on CNP
More informationChargelytics Consulting
Chargelytics Consulting Case Study: Understanding the Impacts of Consumer Authentication on Approved Transactions 1 CardinalComerce Chargelytics Consulting Table of Contents: Table of Contents. 1 Executive
More informationOVERVIEW OF MOBILE PAYMENT LANDSCAPE Marianne Crowe Federal Reserve Bank of Boston NEACH September 10, 2014
OVERVIEW OF MOBILE PAYMENT LANDSCAPE Marianne Crowe Federal Reserve Bank of Boston NEACH September 10, 2014 Disclaimer: The views expressed in this presentation are those of the presenter and do not necessarily
More informationNEWS BULLETIN 2015-16
NEWS BULLETIN Maine Automobile Dealers Association 180 Civic Center Drive P. O. Box 2667 Augusta, Maine 04338-2667 DIAL 623-3882 e-mail:info@maineautodealers.com FAX 623-2318 DISTRIBUTION General Manager
More informationDATA SECURITY: EVERYTHING YOU NEED TO KNOW
DATA SECURITY: EVERYTHING YOU NEED TO KNOW! Data Breaches: Where, What and Why! Federal and State Regulations to Protect Data! EMV Chip Technology! PIN or Signature?! Existing and Emerging Security Options!
More informationPayment Technology Deep Dive. October 13, 2015 8:00 am 8:50 am
Payment Technology Deep Dive October 13, 2015 8:00 am 8:50 am Objectives Navigate the differences between loyalty and payment apps as well as consumer perceptions of both Familiarize with EMV compatible
More informationWith the Target breach on everyone s mind, you may find these Customer Service Q & A s helpful.
With the Target breach on everyone s mind, you may find these Customer Service Q & A s helpful. Breach Overview Q: Media reports are stating that Target experienced a data breach. Can you provide more
More informationEESTEL. Association of European Experts in E-Transactions Systems. Apple iphone 6, Apple Pay, What else? EESTEL White Paper.
EESTEL White Paper October 29, 2014 Apple iphone 6, Apple Pay, What else? On 2014, September 9 th, Apple has launched three major products: iphone 6, Apple Watch and Apple Pay. On October 17 th, Apple
More informationMobile Payment: The next step of secure payment VDI / VDE-Colloquium. Hans-Jörg Frey Senior Product Manager May 16th, 2013
Mobile Payment: The next step of secure payment VDI / VDE-Colloquium May 16th, 2013 G&D has been growing through continuous innovation Server software and services Token and embedded security Cards for
More informationHow to Prepare. Point of sale requirements are changing. Get ready now.
How to Prepare for EMV Point of sale requirements are changing. Get ready now. The EMV mandate is fast approaching. Now is the time to plan a strategy to prepare for this change. 2 EMV: The Backstory 3
More informationBest practices for choosing and integrating a mobile payments platform. A GlobalOnePay White Paper
Best practices for choosing and integrating a mobile payments platform A GlobalOnePay White Paper Mobile commerce (mcommerce) purchases and in-app payments made on mobile devices are rapidly becoming just
More informationApple Pay & The New Environment for Mobile Payment Apps
Apple Pay & The New Environment for Mobile Payment Apps November 3, 2014 Greg Weed Greg.Weed@phoenixmi.com 828-697-9192 Events, Timing & Methodology I SEPT 9 Apple Press Conference SEPT 18 2104 CPM Data
More informationBeyond the Hype: Mobile Payments for Merchants
Presented by the Mobile Payments Committee of the Electronic Transactions Association Beyond the Hype: Mobile Payments for Merchants Table of Contents Overview... 2 Before We Get Started... 3 Current Status
More informationEMV: Preparing for the shift
EMV: Preparing for the shift The impending shift in liability for card-present fraud is driving a transition to EMV, which comes replete with new retail IT requirements and consumer-facing changes to the
More informationPREPARING FOR THE MIGRATION TO EMV IN
PREPARING FOR THE MIGRATION TO EMV IN THE U.S. A Mercator Advisory Group Research Brief Sponsored by Merchant Warehouse 2010 Mercator Advisory Group, Inc. 8 Clock Tower Place, Suite 420 Maynard, MA 01754
More informationCITGO CHIP & MOBILE TM. Quick-Start Guide YOUR CUSTOMERS. are
CITGO CHIP & MOBILE TM Quick-Start Guide are YOUR CUSTOMERS EMV CHIP CARD This... plus this... MOBILE PAYMENTS 1 Equals Success GET AHEAD FOR YOUR CUSTOMERS STAY AHEAD FOR YOUR BUSINESS. Fast Convenient
More informationpermitting close proximity communication between devices in this case a phone and a terminal.
MOBILE PAYMENT What it is. How it works. What it means for Canadians. By EnStream LP for the House of Commons Finance Committee February 13, 2014 INTRODUCTION EnStream was established by Bell, Rogers and
More informationEMV : Frequently Asked Questions for Merchants
EMV : Frequently Asked Questions for Merchants The information in this document is offered on an as is basis, without warranty of any kind, either expressed, implied or statutory, including but not limited
More informationThe Canadian Migration to EMV. Prepared By:
The Canadian Migration to EMV Prepared By: December 1993 Everyone But The USA Is Migrating The international schemes decided Smart Cards are the way forward Europay, MasterCard & Visa International Produced
More informationEMV Frequently Asked Questions for Merchants May, 2014
EMV Frequently Asked Questions for Merchants May, 2014 Copyright 2014 Vantiv All rights reserved. Disclaimer The information in this document is offered on an as is basis, without warranty of any kind,
More informationINTRODUCTION AND HISTORY
INTRODUCTION AND HISTORY EMV is actually younger than we all may think as it only became available, as a specification that could be implemented, in 1996. The evolution of EMV can be seen in the development
More informationACI TOKEN MANAGER FOR MOBILE: TOKEN SERVICE PROVISION, HCE AND EMBEDDED SECURE ELEMENT IN THE CLOUD
DELIVERS PEACE OF MIND PRODUCT FLYER ACI TOKEN MANAGER FOR MOBILE: TOKEN SERVICE PROVISION, HCE AND EMBEDDED SECURE ELEMENT IN THE CLOUD ENABLE FULL SUPPORT OF THE MOBILE PAYMENTS PROCESS FOR EMBEDDED
More informationPCI DSS Compliance Services January 2016
PCI DSS Compliance Services January 2016 20160104-Galitt-PCI DSS Compliance Services.pptx Agenda 1. Introduction 2. Overview of the PCI DSS standard 3. PCI DSS compliance approach Copyright Galitt 2 Introduction
More informationContactless Payments. Björn Salomon-Sörensen, Account Director - Swedbank November 11, 2015
Contactless Payments Björn Salomon-Sörensen, Account Director - Swedbank CONTACTLESS BASICS AND BENEFITS What s Inside MasterCard Contactless? Similar to a standard MasterCard card with some differences.
More informationAmerican Express Contactless Payments
PRODUCT CAPABILITY GUIDE American Express Contactless Payments American Express Contactless Payments Help Enable Increased Convenience For Card Members At The Point Of Sale American Express contactless
More informationThe Comprehensive, Yet Concise Guide to Credit Card Processing
The Comprehensive, Yet Concise Guide to Credit Card Processing Written by David Rodwell CreditCardProcessing.net Terms of Use This ebook was created to provide educational information regarding payment
More informationBGS MOBILE PLATFORM HCE AND CLOUD BASED PAYMENTS
HCE AND CLOUD BASED PAYMENTS 1 Contactless payments are vital for further development of the payment industry. More than 3 mln POS terminals around the globe can accept contactless payments. Mobile phones
More informationPayment Methods. The cost of doing business. Michelle Powell - BASYS Processing, Inc.
Payment Methods The cost of doing business Michelle Powell - BASYS Processing, Inc. You ve got to spend money, to make money Major Industry Topics Industry Process Flow PCI DSS Compliance Risks of Non-Compliance
More informationMaking Cloud-Based Mobile Payments a Reality with Digital Issuance, Tokenization, and HCE WHITE PAPER
Making Cloud-Based Mobile Payments a Reality with Digital Issuance, Tokenization, and HCE WHITE PAPER Why Cloud-Based Mobile Payments? The promise of mobile payments has captured the imagination of banks,
More informationHow To Plan For A Mobile Payment System
Mobile Payment Solutions October 11, 2015 3:05 pm 3:55 pm Moderator Speakers Doug New CIO Tedeschi Food Shops, Inc Ed Collupy Executive Consultant W. Capra Consulting Firm Doug Rodewald Partner W. Capra
More informationLAYERING SECURITY SOLUTIONS WITH EMV AND TOKENIZATION
tokenex.com LAYERING SECURITY SOLUTIONS WITH EMV AND TOKENIZATION A TokenEx White Paper White Paper LAYERING SECURITY SOLUTIONS WITH EMV AND TOKENIZATION September 2015 Revision 1.1 EXECUTIVE SUMMARY When
More informationHealthcare Payment Security Is Your Patient s Card Data Exposed? May 24, 2016
Healthcare Payment Security Is Your Patient s Card Data Exposed? May 24, 2016 PRESENTER BIOS Michael Fidler Vice President Elavon Healthcare Payment Solutions Michael D. Fidler is Vice President, Healthcare
More informationEMV and Encryption + Tokenization: A Layered Approach to Security
EMV and Encryption + Tokenization: A Layered Approach to Security 2012 First Data Corporation. All trademarks, service marks and trade names referenced in this material are the property of their respective
More informationA Guide to EMV. Version 1.0 May 2011. Copyright 2011 EMVCo, LLC. All rights reserved.
A Guide to EMV Version 1.0 May 2011 Objective Provide an overview of the EMV specifications and processes What is EMV? Why EMV? Position EMV in the context of the wider payments industry Define the role
More informationMobile Payments: Merchants Perspectives
Mobile Payments: Merchants Perspectives By Fumiko Hayashi and Terri Bradford The U.S. payment market has attracted increasing attention from technology firms and their investors seeking to capitalize on
More informationU.S. Mobile Payments Landscape NCSL Legislative Summit 2013
U.S. Mobile Payments Landscape NCSL Legislative Summit 2013 Marianne Crowe Vice President, Payment Strategies Federal Reserve Bank of Boston August 13, 2013 2 Agenda Overview of Mobile Payments Landscape
More informationUSDA: Handling Fraud and Disputes. Deanna Hanson CPS Fraud Support Analyst
USDA: Handling Fraud and Disputes Deanna Hanson CPS Fraud Support Analyst Agenda What is fraud? Fraud trends Fraud case lifecycle Fraud and dispute process Tips to prevent fraud 2 Fraud Overview and Trends
More informationLatest and Future development of Mobile Payment in Hong Kong
Latest and Future development of Mobile Payment in Hong Kong About oti Founded in 1990 (NASDAQ: OTIV). Offices in US, Europe, Africa, Asia Global provider of cashless payment solutions Experts in secured
More informationRETHINKING CARDS BUSINESS. Erick Ho, Head of Payment Services, SunGard 17 September 2015. Break through.
RETHINKING CARDS BUSINESS Erick Ho, Head of Payment Services, SunGard 17 September 2015 Break through. Agenda 01 02 03 04 05 Trends and Growth in cards and payment business Sharpening Business Focus The
More informationAmerican Bankers Association
Statement for the Record Of the American Bankers Association before the Committee on Small Business United States House of Representatives Statement for the Record American Bankers Association Committee
More informationThe Adoption of EMV Technology in the U.S. By Dave Ewald Global Industry Sales Consultant Datacard Group
The Adoption of EMV Technology in the U.S. By Dave Ewald Global Industry Sales Consultant Datacard Group Abstract: Visa Inc. and MasterCard recently announced plans to accelerate chip migration in the
More informationACQUIRER OR ACQUIRING BANK A financial institution (often a bank) where a merchant has an account to process transactions and card payments
A TO Z JARGON BUSTER A ACQUIRER OR ACQUIRING BANK A financial institution (often a bank) where a merchant has an account to process transactions and card payments ATM Automated Teller Machine. Unattended,
More information