At the end of the day, what we need is a card authentication scheme. The promise of mobile is the ability to use dynamic data to give us a dynamic authentication scheme.
LOUISVILLE, KY (PRWEB) July 09, 2014
Massive data breaches, such as the one that struck Target last December, have many in the payments industry talking about what additional security measures merchants, financial institutions and transaction processors must take to protect consumers' personal data, including credit and debit card accounts.
That discussion will be the focus of a general session at the second annual ATM & Mobile Innovation Summit on Sept. 10-12, 2014 at the Capital Hilton, just blocks away from the White House in Washington, DC.
The session, "Payment Security and Data Breach Trends" will delve into high-profile security compromises and data breaches that threaten to destabilize a payment system already in flux. During the session, expert panelists, including Annmarie 'Mimi' D. Hart, CEO of MagTek, will give their insights on where businesses are failing on data security and how they can ensure secure payments going forward.
“You cannot stop data fraud and skimming,” said Hart. “It's physically impossible because the data is in the clear. So as an industry, we have to ask ‘How can we protect the data?’”
“Encryption and tokenization don't go far enough. At the end of the day, what we need is a card authentication scheme. The promise of mobile is the ability to use dynamic data to give us a dynamic authentication scheme,” said Hart.
MagTek, a provider of secure transaction technology to the payment card industry, is also a premier sponsor of the Summit.
Also speaking on the "Payment Security and Data Breach Trends" panel will be Anthony Antolino, chief marketing officer at EyeLock Corp., and Bob Hill, vice president of marketing strategy at Early Warning Services.
The ATM & Mobile Innovation Summit will feature about 40 speakers, including representatives from organizations like the Bank of America, Bitcoin Investment Trust, Bitpay, Citi, CU24, Facebook, MasterCard, Payment Alliance International, Retail Industry Leaders Association (RILA), Robocoin, SECU of Maryland, US Bank, and several government agencies, regulators and attorneys.
The Summit was created specifically for financial institutions, payment companies, analyst and legal firms, processors, card networks, security firms, large retailers and ATM deployers. It is a partnership between Networld Media Group, publisher of ATM Marketplace and Mobile Payments Today, and the Electronic Funds Transfer Association (EFTA).
Registration is now open at ATMandMobileSummit.com and early-bird pricing is in effect.
ABOUT NETWORLD MEDIA GROUP
Founded in 2000, Networld Media Group is a leading business-to-business (B2B) media communications company specializing in digital media, associations, and events in the mobile, self-service, digital signage, retail, food service, and financial services industries. Online properties include ATMmarketplace.com, DigitalSignageToday.com, FastCasual.com, KioskMarketplace.com, MobilePaymentsToday.com, PizzaMarketplace.com, QSRweb.com, RetailCustomerExperience.com, SelfServiceWorld.com, and ChurchCentral.com. The company produces executive summits in the fast casual, retail, ATM, and mobile payments industries. Its custom media division develops premium content and marketing services for associations such as the ATM Industry Association.