Organizations are finding it difficult to detect adept fraudsters, who move nimbly across various channels, impersonating as genuine customers. Due to advanced attacks by fraudsters financial institutions (FIs) and merchants continue to fall prey, resulting in significant financial losses, considerable reputational damage, and loss of customer trust. A recent massive breach at a leading credit bureau, affected almost 143 Million people in the United States. The figure is staggering and strong enough to catch attention across the globe.
Unchallenging access to sensitive customer information and assets makes FIs a conventional target for fraudsters. FIs are grappling with an ever-expanding fraud landscape ranging from card fraud, payment fraud, data breaches, ATM skimming and targeted phishing schemes.
The meteoric rise in the retail industry is evolving from brick-and-mortar stores to online channels. While soaring online sales are making revenues for retailers, fraud threats and security risks are consuming operational budgets. Recent market research, estimates retail sales figures to touch an all-time high of $27 Trillion by 2020, which is directly proportional to the expected CNP fraud losses.
Attend a Confluence of Merchants and FinTech Services at Money 20/20
In the financial sphere, investing time in attending a live business event can help stimulate new ideas and accelerate project strategies. Offering a global perspective on the future of payments infrastructure, Money 20/20 is the world’s largest marketplace for ideas, connections and deals in Payments and FinTech Services.The event will take place from October 22nd – 25th,2017 at The Venetian, Las Vegas.
The meeting agenda will focus on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. Money 20-20 is expected to witness an impressive footfall of Financial Institutions & merchants with 11,000+ attendees, including more than 1,700 CEOs & Presidents, from over 4,500 companies and 85 countries.
Expand Your Defense | Quatrro Processing Services
Quatrro Processing will carve its presence at the event, addressing the roadblocks that sprung up around payment innovations. At the event, the leading FIs and Merchants will be introduced to Quatrro’s integrated suite of fraud prevention services across multiple payment channels that help combat fraud, resolve false positives and build brand value.
Cutting edge technology combined with behavioral analysis helps in combating cross-channel fraud and chargeback management and allows organizations to safely endorse payment transactions. Quatrro Processing provides an End to End (e2e) fraud detection and prevention solution, through 100% anomaly detection mode and extensive experience in fraud risk management.
Money 20/20 is around the corner. Quatrro Processing will be there, what about you?