Payment Security is making the headlines. European bitcoin exchange Bitstamp has had to suspend trading amid suspicions that one of its storage wallets had been breached. Bitstamp is a major bitcoin trading company and it is believed that they account for 6 percent of all bitcoin transactions worldwide. It has been suggested that as many as 18,866 bitcoins, with an estimated value of $5.1 million may have been stolen.
So whilst it might be true that the landscape of payments is undergoing an exciting transformation and that disruptive innovation in payments and commerce creates new great opportunities, new fraud threats appear and the security of transactions, secure identity and data privacy are of growing concern to consumers, merchants and consumers, enterprises and governments. The Keynote debate at The Payment Security Summit, featuring Paul Alfing from Ecommerce Europe as Keynote Speaker, will touch on such issues as where is the payments market headed and what infrastructure, regulatory and strategic changes are necessary to push things forward without compromising security? What is driving consumers’ payment choices and what are the security challenges and barriers retailers face when attempting to meet that demand and how can collaboration help to address concerns about the security of new payments mechanisms and simultaneously improve the end-user experience?
Contactless, prepaid, MPoS, wearable technology, virtual wallets, offline, online, and mobile all have their supporters but none are without myriad security issues and challenges. If you are a retailer, merchant, acquirer, financial services organisation or technology vendor then The Payment Security Summit will provide you with the guidance, knowledge, insight and contacts you need to ensure that your current and emerging payment systems are secure for consumers today and tomorrow.