Construction of various Risk Management & Security Strategies -
Join discussions at the Annual Payments Conference on 18th Jan at Mumbai
The payment landscape is shifting increasingly from paper to electronic form as the number of ways to make non cash payments is growing. Electronic checks, cell phones, online payments are just a few examples of new payment methods. Online commerce, telecommunications, new electronic payment methods rely on electronics for most or all of their functions and face a variety of risks.
Considering the inherent risks involved in electronic payment systems viz. RTGS, NEFT, the Reserve Bank of India has also discontinued the separate high value clearing (HVC) (i.e., same-day clearing of local cheques of INR 1 lakh and above).
To meet the growing demand of premium and secure banking service, various biometrics and RFID technologies for ATM’s and e – payments security are also being developed to create an essentially non-intrusive experience for customers.
Most banks have put in security provisions such as SMS alerts, a separate transaction password and a virtual keyboard for online banking . Various features are being considered and introduced such as one time password, an identity grid and risk based authentication to make card transactions more secure.
These technologies aim to facilitate speedy verification of customer's identity, thus maximizing the security level and minimizing the time for queue-up, waiting and processing. Thus the effort is to increase the efficiencies of business as well as reduce risk.
8th Annual Payments Conference on 18th Jan 2012 at Mumbai will have a Round Table Session, which will be followed by specialized sessions with presentations & interactive panel discussions. It has a specific session on Development and construction of various risk management & Security strategies, which will deliberate on - Trends in fraud and fraud preventions; Managing Cyber security; Credit card security, network and e-payment security; Role of biometrics & RFID in e-payments, ATMs & security; Cloud Computing- Security Challenges etc
Banknet's Annual Conference on Payment Systems is the largest payments event in India. It has on an average attracted around 300 senior executives from around the globe. Banknet's Annual Payments Conferences continue to act as India's premier platform that assist in identifying emerging business opportunities and shaping a well-defined strategy to meet the future trends in India's payment market.
For more details on Payments Conference.... Click Here Contact us for more details for speaker & delegate options at conference@banknetindia.com or call at-91-22-26204181/67102091/65232091
NOTE
1. Banknet's 7th Annual Payments Conferenc 19th January 2011, Mumbai had participation from more than 100 banks & IT Cos. Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India (RBI) was the Chief Guest and made the inaugural address.
2. Nearly 300 participants from 125+ Banks, Insurance, Business Schools, IT Cos attended Banknet's Sixth Annual Conference on Payment Systems on 22nd January 2010, at Mumbai.
3. Banknet is the #1 organizer of Financial Services and Technology Conferences from India for more than 7 years. More than 5,000 from 900+ Financial Institutions /Companies from 25 countries had been represented at Banknet Conferences.
