Managing Fraud and Authentication Transactions for mPOS
Managing Fraud & Authentication Transactions for mPOS - 26 September 2014
Chang Chew Soon, Founder & CEO of Soft Space was part of the speaker panel at the 5th Asian Payment Card Forum which was held in Bangkok this year. The event which ran through the 23rd to the 24th of September hosted a variety of speakers from the Payment and Card industry such as Ben Soppitt of Visa, Jinjia Zhou of EMVCo, Raymond Yap of MasterCard Worldwide and many others.
Fraud & Authentication Transactions for mPOS
12 September 2014
Chang Chew Soon, Founder & CEO of Soft Space was part of the speaker panel at the 5th Asian Payment Card Forum which was held in Bangkok this year. The event which ran through the 23rd to the 24th of September hosted a variety of speakers from the Payment and Card industry such as Ben Soppitt of Visa, Jinjia Zhou of EMVCo, Raymond Yap of MasterCard Worldwide and many others.
Chew Soon speaking on Managing Fraud and Authentication Transactions for mPOS
The event hosted by the Thai Bankers Association and APSCA is the region's largest annual meeting for card-issuing and acquiring financial institutions, domestic bank card networks, payment systems and central banks to explore the important issues which are driving consumer payments in Asia's payments landscape today. Amongst list of speakers includes Spencer May of Coles, Doug Lawson of UnionPay International and Christopher Ong of UL Transaction Security.
Chew Soon addressing questions during the round table discussion
The topic Chew Soon discussed on, revolved around managing fraud and transaction authentication for mobile Point-of-Sales (mPOS). Starting of by introducing the nature of Soft Space along with its solid client base and recognition, Chew Soon gave the audience a view of the mPOS market according to its geographical locations. Addressing the topic, Chew Soon explained the methods of stealing "pin's" on payment acceptance devices. Running through thermal imaging and risks associated to mPOS.
Kindly find the link to the presentation deck below:
APSCA: Managing Fraud, Transaction Authentication -- MPOS
About APSCA, kindly visit Asia Pacific Smart Card Association
Collis launches Mobile Test Center for TSMs at NFC World Congress
Collis launches mobile test center at NFC World Congress
The Dutch firm Collis plans to launch its mobile test center at NFC World Congress, which is aimed at helping Trusted Service Managers (TSM) that use NFC technology for NFC payments. Let's face it, NFC is a very new technology. Perhaps not in how long it has been around, but certainly in how long mass deployments have been attempted. The industry is still grappling with control issues and the different stakeholders are still finding their way in this nascent arena we like to call NFC. Mobile commerce and NFC payments are still new also, and one of the main problems faced by NFC stakeholders at the moment when it comes to NFC commerce, is that standards are thin on the ground. Collis thinks it has the consultative solution.
“The keyword is trust. A TSM can only be thrust-worthy if the underlying infrastructure is. There are many stakeholders involved in an NFC-TSM eco-system implementation. Not all components are necessarily visible to all stakeholders, and no direct trust relation exists between all of them. In order to bridge the gaps, Collis Mobile Test Centre offers the necessary testing services to every stakeholder in the eco-system, with clear definition of domains and components involved. And this is the key to our success. As an independent single point of contact we facilitate a so called one-stop-shop for testing of all mobile components and streamline the trust relation between stakeholders,” says Dirk Jan van den Heuvel, CEO at Collis.