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On Tuesday the 12
th of March, ValidSoft's global head of business development,
John Petersen, will demonstrate ValidSoft's SMART platform as an example of how the technology can combat micro-merchant fraud, to an audience of technology decision makers, during the
Payments Innovation Track. On the next day,
March 13, ValidSoft will be the sole sponsor of the F
raud Executive Session. This session will be hosted by
Kim Duncan, First Vice President Enterprise Fraud Management at SunTrust Bank and will be attended by senior bank executives with direct responsibility in fraud prevention.
John Petersen, ValidSoft's global head of business development, says: "Across the US, people are becoming increasingly concerned that systems designed to safeguard privacy and fight fraud are in danger of falling behind the huge growth in mobile technology. Our Privacy-by-Design philosophy, which is at the core of our development methodology, clearly demonstrates that it is possible to achieve strong security without compromising the privacy of the individual. Similarly, and crucial to the mobile payments industry, it is possible to achieve strong security without compromising ease-of-use. We at ValidSoft are at the forefront of providing award-winning solutions, and are experiencing a high degree of interest in our products and services."
As fraud and related security threats evolve, we believe fraud prevention teams at financial institutions must advance with them to reflect the reality of the new fraud landscape. Payment systems will never be fraud-free, but financial institutions can implement enhanced security controls and train staff to mitigate risks. One universal problem is that technology today evolves rapidly as enterprises of all kinds seek to innovate and capture the attention of consumers. Serious new threats that exploit weak points can materialize every day.