New and Upcoming MRC On-Demand Sessions
Introducing MRC On-Demand: Spring Conference Content! In lieu of the MRC's cancelled spring 2020 conferences, MRC Vegas and MRC Paris, we are re-purposing presentation content as digital sessions available day or night at your convenience. Over the coming months, MRC members will have exclusive access to new educational content every Monday. Each presentation will also have a corresponding Q&A discussion hosted on the MRC Communities forums.
In order to access MRC On-Demand sessions, you will be required to sign in using your MRC login and password. If you do not have a login but your company is an MRC member, please contact your company's MRC Subscription Master or Administrator for an invitation to join your company's membership, or reach out to our Membership team for help.
Unsure if your company is a member? Just see our Membership Getting Started page for details.
Available MRC On-Demand Sessions
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MRC On-Demand Sessions coming soon
50 Billion Connected Devices in 2020 -- What Does This Mean for Payments?
Continuum Commerce
There is unprecedented growth in the Internet of Things (IoT). Gartner calculates that around 8.4 billion IoT devices were in use in 2017, up 31 percent from 2016, and this will likely reach 20.4 billion devices by 2020. This staggering growth is not slowing down.
What does this mean for payments? Will we pay for petrol directly without leaving our cars? Will retail go down the path of Amazon Go? Will we ever need to carry cash again? How are security and payments affected by IoT?
This session will highlight the good IoT can bring, especially in developing nations. The presentation will also explore the foundation of IoT, where it is today, and where it is predicted to go. Throughout this journey the talk will explore where and how payments have enhanced or slowed us down.
AWS Analytics Enables Fraud Prevention for Sony's PlayStation
Sony Interactive Entertainment
Sony Interactive Entertainment built their EVE Fraud System as a big data platform to aggregate transactional activity of users, approving $40 million in additional purchases per month with no increase in declines or chargebacks from banks.
In this session, learn how Sony used Amazon Kinesis Data Analytics, Amazon Kinesis Data Firehose, AWS Lambda, AWS Glue, Amazon Simple Storage Service (S3), and Amazon DynamoDB to generate aggregations and retrieve them in a single purchase transaction in less than 180 milliseconds.
Components of a Payments Orchestration Layer
RPGC
Using the lessons learned from merchants with sophisticated and well-funded platforms, it is possible for any enterprise merchant to realize similar benefits. Merchants can ensure their requirements are met with intelligent architecture design and a good understanding of a payments platform's components.
This session identifies what works well among the sophisticated merchant platforms and defines the necessary requirements for each of the platform components. The discussion is not technical; it is designed to assist business users in articulating their requirements to vendors and their own engineering teams. The findings shared are intended for a provider-agnostic environment.
The Economics of Cybercrime: Understanding Fraudsters' Motivation
Arkose Labs and Expedia
The global economy has never been more connected, with the ability to transact freely anywhere, anytime, across borders, and across multiple currencies -- and naturally cybercrime has followed suit. Interwoven into the global cybercrime phenomenon, however, is the huge economic disparity between countries which are now connected by the digital economy.
This session will provide a deeper understanding of the social and economic realities that drive certain regions to become hotbeds of fraud and cybercrime, providing new insight into the correlation between regional economic performance and attack levels. Global economic inequality is manifesting itself in cybercrime, as individuals facing poor employment rates, low wages, and limited access to higher education increasingly turn to fraud. Fraudsters operate globally, with the support of an intricate set of support functions that has sprung up across the world. By targeting businesses and consumers in regions with stronger currencies, the potential gains are high, while barriers to entry remain low.
The presenters will use key economic indicators alongside fraud data from the Arkose Labs network to shed new light on the motivation behind the global fraud ecosystem. Understand how regional differences in economic incentive plays out in real world attacks, and how this affects fraudsters' appetites to persevere with attacks once faced with step-up challenges.
The Rise of Open Banking -- the Saga Continues...
Payments Reg Expert
The session will cover:
-The EU experience of Open Banking (including PSD2/RTS/GRPR) with focus on the UK experience
-How Open Banking is driving payments innovation, financial inclusion and new payment methods for merchants
-The move to Open Finance and Open Data
-The importance of customer experience and what is still outstanding
-The up to date position on the status of the RTS and SCA implementation
-What is happening around the globe with the different approaches taken in different jurisdictions
Trials and Tribulations of False Positives
Ding
A tale of one merchant's experience to reduce false positives. In early 2018 Ding configured their platform to randomly select a percentage of declined payments from their fraud engine due to suspected fraud. This way they could accurately track said suspected payments to see if they received alerts of fraud. This is Ding's story.