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Is EMV really solving the fraud problem?

first_imgIs EMV solving the fraud problem?Short answer: No.But, to be fair, EMV is not designed to solve the entire fraud problem — rather, it addresses one piece of the puzzle, namely counterfeit card fraud. While the U.S. conversion to EMV is not yet complete, Mercator Advisory Group is tracking its progress:84 percent of U.S. general purpose credit cards will have EMV chips by the end of 2016.3 in 5 American adults now own at least one EMV chip card.EMV card conversion is projected to be complete by the end of 2018.Nearly 50 percent of in-store credit card transactions will be “chip on chip” this year.While more and more cardholders are using EMV at the point of sale, merchant adoption is still spotty. “Delays in the certification and activation of merchants’ point-of-sale terminals has introduced a significant lag between the distribution of EMV-capable terminals and the enablement of those terminals,” says the Mercator report “EMV in 2016: Breaking through the Bottleneck.” This state of affairs has consumers and merchants frustrated, even as EMV moves forward.Other Types of Fraud SurgeMeanwhile, other types of fraud seem to be having a heyday. FICO reports that ATM skimming rose 546 percent between 2014 and 2015 – in large measure because EMV at the ATM has been slower to roll out. continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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SBC delivers global market perspective at Betting on Football

first_img StumbleUpon Submit The final agenda for Betting on Football has been released, with Mr Green CEO Jesper Kärrbrink just one of the star names signed by SBC Events to deliver a global perspective on the football betting market at Stamford Bridge (3-5 May).The former Svenska Spel CEO will be speaking on the Scandinavian panel at Betting on Football alongside Danske Spil CEO Niels Erik Folmann and LeoVegas CEO Johan Styren.Kärrbrink commented: “Betting on Football is a great platform for discussing the latest developments in the betting industry. I’m excited about the opportunity to address the Scandinavian market on the panel.”The full agenda – which contains over 140 experts across 36 sessions – can be viewed here.Running concurrently with the Leadership track on 3 May, the Market Profile Track will provide an extensive update on football betting markets across the globe, starting with an assessment of the Spanish market and an increasingly digitalised environment in Africa.Daniel Graetzer, Executive Director for R. Franco Group, will be providing expert insight on developments in the Spanish market, which produced record revenues of €238.2 million in 2016.Meanwhile, Matthew Symmonds, Founder and Director of Web Analysis Solutions Limited, which operates WinDrawWin.com and PredictZ.com, teased his involvement in an African panel focused on mobile betting advancements, improved payment methods, increased market transparency and higher marketing spend.Symmonds commented: “Having been a leading UK sports betting affiliate for 14 years, and a primary source of free football tips and football predictions for the biggest leagues across the world, it’s fascinating to see how an emerging market with such complexity and diversity can become so lucrative.”The Market Profile track will then stretch across Western Europe in both Germany and Italy, before arriving at opportunities in the CIS. Russian media regulator Roskomnadzor awarded a handful of online gambling licences last summer, but has been routinely blocking websites deemed to be illegally targeting its national consumers, and even restricted access to Eastern European operators such as Favbet.Favbet CEO and #bofcon2017 panelist Nikos Halikias added: “It is particularly interesting for us to discuss the current situation in Russia, given that Favbet was one of the many Eastern European focused operators restricted access to the market by Roskomnadzor. We are looking forward to sharing knowledge about regulation changes in Russia and some of the other Eastern European countries on a high level panel at Stamford Bridge.”Following the headline Scandinavian panel, the CEOs from San Manuel Digital and Don Best will be appearing in the penultimate session focused on North America. Given that the American Gaming Association (AGA) has suggested that Trump taking office could lead to a repeal of federal law barring sports betting in most US states, it will be interesting to hear how quickly ‘the tide is turning’ and what opportunities there might be for European bookmakers across the pond.The track concludes with a detailed look at the growing Asian market, which includes a Chinese Football League capturing some of the world’s best players and the attention of punters across Europe.With a final conference agenda absolutely packed with interesting tracks and panels, a phenomenal speaker line-up of 140 industry leaders and 800+ high level delegates, next week’s Betting on Football 2017 is proving to be an absolute must attend event.Fewer than 50 tickets remain, so interested companies are being recommended to book immediately to avoid disappointment. For those already registered, click here to download the official app to a device you will have to hand during the conference. Share Related Articles Danske Spil calls for esports makeover with Pinnacle Solution August 25, 2020 Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Share Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020last_img read more

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