Overcoming Payment Fraud: Can Data Save the Day?

The world of payments is no stranger to fraud. In fact, according to the European Central Bank, the total value of fraudulent transactions within Europe annually amounts to a whopping €1.8 billion. Merchants understand this risk, but knowing how to overcome it when fraudsters behave so differently across different verticals can be a difficult task. Understanding how fraudsters behave and gaining insight into key trends within the payment ecosystem is vital. But where do merchants go to find this insight? With the stakes so high, fraud protection is a business must-have - and data is key to unlocking its potential. Businesses must find a solution that both provides data insights into key trends within the space, while also empowering your business without impacting legitimate consumers. Join us in this session as we discuss: - The impact of fraud on the payment industry - Using data to determine trends, and why understanding an understanding of key trends is so crucial - What to look for in a fraud protection solution - The value of a Microsoft/Worldline dataset - Fraud across different verticals, and why an understanding of how fraud behaves universally is important - How data can fuel machine learning algorithms to detect and protect against fraud - And much more! Speakers: Nick Cavalancia, Conversational Geek Panteha Pedram, Worldline Andrew Monroe, Worldline Brandon Quinn, LinkedIn Jennifer Diaz, Microsoft