The Bancorp Releases Fourth Finetics™ Studio Interview Series: “The Impact of EMV on Fraud”
January 25 2016 - 8:00AM
Business Wire
Exclusive Interviews Feature Julie Conroy, Dan Rosen, Render
Dahiya and Charles Crawford
The Bancorp, Inc. (NASDAQ: TBBK), today announces the release of
its next Finetics™ Studio interview series: “The Impact of EMV on
Fraud” featuring Julie Conroy, Research Director, Aite Group; Dan
Rosen, Founder and General Partner, Commerce Ventures; Render
Dahiya, CEO, Arroweye Solutions; and Charles Crawford, Senior Vice
President, Payment Acceptance, The Bancorp.
Filmed from the Money20/20 show floor, the videos highlight
exclusive conversations with some of the industry’s most
influential players about the evolution of fraud in payments,
including the impact of EMV in the U.S., as well as key trends to
watch out for in 2016.
“We did a study and only 16 percent of merchants had planned any
formal training on EMV for their frontline staff, so we’ve had a
little bit of early pain with regards to the liability shift,” said
Conroy. “I even spoke with merchants that were planning to turn EMV
off during the holidays, because they were worried about long lines
and confusion. So, they were actually willing to absorb more fraud
rather than inconvenience their customers with EMV.”
“I think there is still a lot of work to do on fraud,” added
Dahiya. “And our research shows similar deficiencies in EMV
preparation, with more than 70 percent of cardholders receiving no
information about EMV from their card issuer in 2015. EMV puts a
stop gap measure in terms of swipe fraud, but increased
card-not-present fraud will drive more card reissuance going
forward, creating a new challenge for issuers and cardholders.”
“It’s a very interesting time for e-commerce because mobile
commerce is becoming more and more prevalent and your chance of
fraud is twice as likely on a mobile transaction as any other
transaction,” explained Crawford. “So if the increase we saw in
online fraud in Europe and Canada takes place in the U.S., which I
think is very likely, then those merchants are going to have to be
all the more careful and new techniques will have to be built to
make it safer for mobile and e-commerce in general.”
The release of these four videos supports The Bancorp’s
Finetics™ Studio video series, which features one-on-one
conversations with more than 30 of the financial services
industry’s most influential and innovative executives, launched
late last year.
The interviews, conducted by Sarah Gill, senior reporter with
PaymentEye, cover topics ranging from the future of payments
innovation to financial inclusion and the customer experience to
prepaid and will be released on The Bancorp’s fineticsblog.com
throughout early 2016.
Finetics™ Studio participants include the following
executives:
- Rene Lacerte, CEO and Founder,
Bill.com
- Talbott Roche, President, Blackhawk
Network
- Ben Katz, CEO and Founder,
Card.com
- Robert Carr, Founder, Chairman and CEO,
Heartland Payment Systems
- Brent Warrington, CEO, Hyperwallet
- Lars Sandtorv, CEO, MeaWallet
- Hamed Shahbazi, CEO, TIO Networks
- Stefan Happ, Executive Vice President
and General Manager, Global Emerging Payments, American
Express
- Janet O. Estep, CEO, NACHA—The
Electronic Payments Association
- Brad Fauss, President and CEO, Network
Branded Prepaid Card Association
- Tony Craddock, Director General,
Emerging Payments Association
- Cherian Abraham, Mobile Payments &
Commerce, Experian Plc.
- Dan Rosen, Founder and General Partner,
Commerce Ventures
- Suresh Vaghjiani, Executive Vice
President, Global Processing Services (GPS)
- Barrie VanBrackle, Partner and Payments
Specialist, Manatt, Phelps and Phillips
- Marilyn Bochicchio, CEO and Founder,
Hidden Brain
- Chris Byrd, Executive Vice
President–Healthcare Operations Officer, Evolution1
- Rahul Gupta, Group President, Billing
and Payments, Fiserv
- Julie Conroy, Research Director, Aite
Group
- Peter Read, President, Peoples Card
Services
- Kenneth M. Goins, Jr., CEO and Board
Member, Brightwell Payments
- Render Dahiya, CEO, Arroweye
Solutions
- Sean Rodriguez, Faster Payments
Strategy Leader and Senior Vice President, Federal Reserve
System
- Steve Kirsch, CEO, Token
- Ryan Caldwell, Founder and CEO, MX
- Anil Aggarwal, Founder and Chairman,
Money20/20
- Pat Patel, Content Director, Money20/20
Europe
- Pawneet Abramowski, Senior Vice
President, Director AML & Sanctions Risk Management, The
Bancorp
- Jeremy Kuiper, Managing Director,
Payment Solutions, The Bancorp
- Frank Mastrangelo, Technologist in
Residence, The Bancorp
- Matt Carberry, Vice President Business
Development, Payments, The Bancorp
- Gail Ball, Executive Vice President and
Chief Operating Officer, The Bancorp
- Pete Chiccino, Executive Vice President
and Chief Information Officer, The Bancorp
- Kriya Patel, Managing Director, Payment
Solutions, Europe, The Bancorp
- Charles Crawford, Senior Vice
President, Payment Acceptance, The Bancorp
About The Bancorp
With operations in the US and Europe, The Bancorp, Inc. (NASDAQ:
TBBK) is dedicated to serving the unique needs of non-bank
financial service companies, ranging from entrepreneurial start-ups
to those on the Fortune 500. The company’s chief financial
institution, The Bancorp Bank (Member FDIC, Equal Housing Lender),
has been repeatedly recognized in the payments industry as the Top
Issuer of Prepaid Cards (US), a top merchant sponsor bank, and a
top ACH originator. Specialized lending distinctions include
National Preferred SBA Lender, a leading provider of
securities-backed lines of credit, and one of the few bank-owned
commercial leasing groups in the
nation. thebancorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125005349/en/
The Bancorp Finetics™ StudioCommunications Strategy
GroupSarah Nickell, 720-726-5454snickell@csg-pr.comorThe
Bancorp, Inc. Investor RelationsThe BancorpAndres Viroslav,
215-861-7990aviroslav@thebancorp.com
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