The Changing Payments Landscape in the U.S.: Strategic Considerations for Issuers and Merchants
Separate registration and fees apply to attend this course. Workshop developed and presented by SCA Educational Institute
The U.S. payments industry is experience massive change – from EMV chip migration to a myriad of new mobile payments solutions to an accelerating shift to ecommerce transactions. With industry stakeholders at different stages of readiness, this workshop will provide practical guidance for the next wave of EMV migration as well as look at emerging technologies that are delivering value for issuers and merchants and providing increased security for the payments infrastructure. The workshop will start with an in-depth look at EMV – where we are, what lessons issuers and merchants have learned, and what we can expect in the next wave of issuance and acceptance. The workshop will then look at the mobile payments “Wild West,” the technologies that are being implemented to secure mobile and ecommerce transactions, and payment enabled in the Internet of Things. The workshop will conclude with a cross-industry panel of experts who will discuss and debate strategic considerations for payments industry stakeholders and offer their perspectives on how to position to be successful with emerging payments technologies.
Monday, April 4, 2016 |
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| 8:00 – 8:30 | Registration and Coffee |
| 8:30 – 8:45 | Introductions Ron Vanson, CC 101 |
| 8:45 – 9:15 | EMV Migration: Where Is the U.S. in 2016? The October 2015 fraud liability shift has passed and the U.S. is moving full-speed ahead with EMV implementation. This session will provide an overview of EMV migration in the U.S. covering the status of migration and the challenges that have been addressed to date and providing a look forward to the second wave of EMV migration in 2016. Randy Vanderhoof, Smart Card Alliance |
| 9:15 – 9:45 | EMV Implementation Best Practices for issuers, Lessons Learned and the Next Wave of Issuance With the first wave of EMV chip card issuance done, this session will share EMV chip card issuance best practices and lessons learned, discuss key issuer considerations for the next wave of issuance, and offer practical guidance to issuers who are on their first or second wave of issuance. Philip Andreae, Oberthur Technologies |
| 9:45 – 10:15 | EMV Implementation Best Practices for Merchants, Lessons Learned about Credit and Debit Acceptance With over 60% of consumers having at least one chip card, EMV acceptance is picking up pace in 2016. This session will share EMV acceptance implementation best practices and lessons learned about accepting credit and debit cards and offer practical guidance for merchants still in the process of migrating. Albert Huntsman, Crescent Credit Card Processing |
| 10:15 – 10:30 | Break |
| 10:30 – 11:00 | EMV Debit: Lessons Learned for Issuers and Merchants about Supporting the Common AID The amount of time spent addressing the requirements for Durbin compliant solutions for EMV debit cards had a significant impact on the U.S. EMV migration. This session will trace the path industry took to incorporate the common AID in its EMV migration and how it is working today. Nick Pisarev, G&D |
| 11:00 – 11:30 | Going Contactless: The Next Wave of EMV Migration The next wave of payments migration in the U.S. is expected to involve contactless payments using both dual-interface chip cards and mobile devices. This session will look at the choices for dual interface cards and wearables for contactless payments and the role of EMV technology in securing the payments infrastructure. Billy Tran, Gemalto |
| 11:30 – 12:00 | Going Mobile: Status of Mobile Payments & Directions in the U.S. Market This session will provide an overview of the status of and directions for mobile payments in the U.S. The session will review mobile payments schemes being deployed including Apple Pay, Android Pay, PaymentSphere, Samsung Pay, CurrentC and other emerging mobile wallets. The session will discuss mobile payments at the POS and in-app and identify emerging trends. Tony Sabetti, Credit Card Processor Scam Report |
| 12:00 – 1:00 | Lunch |
| 1:00 – 1:45 | Tokenization and Encryption in the Payments Ecosystem This session will provide a primer on tokenization and encryption and their roles in protecting the payments infrastructure. The session will describe the use cases for tokenization and encryption and implementation considerations and challenges. David Worthington, Bell ID |
| 1:45 – 2:15 | EMVCo Payment Account Reference (PAR) This session will provide a primer on the new EMVCo Payment Account Reference (PAR) that is being introduced with the updated EMVCo tokenization specification and describe use cases and impact on payments stakeholders. Sree Swaminathan, First Data |
| 2:15 – 3:00 | Trends in Card-Not-Present Transactions As the U.S. moves to EMV, the payments industry is watching trends in card-not-present (CNP) fraud. This session will look at fraud trends, describe best practices for mitigating CNP fraud and discuss the status of EMVCo’s work on 3D Secure. Chris Albert, Merchant Advisor |
| 3:00 – 3:30 | Break |
| 3:30 – 4:00 | The Internet of Payment Things: When Your Car or Refrigerator Can Pay By 2020, over 20 billion devices are expected to be connected in an Internet of Things, some of which will be payment enabled. This session will provide a high level overview/vision for how connected devices will be able to enable secure payments. Dave Schwab, Accenture |
| 4:00 – 5:00 | Panel: Picking Winning Payments Technologies This session will feature a panel of experts to discuss the current status of and emerging trends in payment technologies. Panelists will discuss strategic considerations for payments industry stakeholders in implementing new technologies and offer their perspectives on how to pick the winning payment technologies. Moderator: Jack Jania Panelists: Deana Cook, Payments Processing Report; Karen Czack, American Express; Sarah Hartman, TSYS; Deborah Baxley, Payments Transformation and Innovation Consulting |
