All Sessions | Mobile Pay

 

4:30 - 5:15 Paul SiegfriedGillian BannermanPatrick PhelanSean Smith

 

The State of Mobile Fraud: Concerns, Questions and Opportunities

 

Paul Siegfried
Senior Vice President, Financial Services, Card Business Leader, TransUnion

Gillian Bannerman
Director, Risk Strategy, Nordstrom

Patrick Phelan
President, Trustev

Sean Smith
SVP, Credit Executive - Credit Card and Unsecured Lending, PNC Bank

 

Session Description

As consumers increasingly use smartphones, tablets and watches to access their digital wallets, financial institutions must protect themselves – and their customers – from fraud. With billions of dollars in potential fraud on the line, the stakes are high for card issuers and merchants to provision digital wallets and mitigate fraud exposure. In this session, two financial institutions and one technology provider will join Paul Siegfried, senior vice president at TransUnion, to discuss security concerns and fraud prevention. The panel will highlight key challenges in fraud prevention, including:

  • How to implement security procedures at each step of the process, from account openings to everyday transactions
  • Whether the wallet provision process will impact risk
  • When and how often financial institutions should evaluate processes

 

 


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