Address Consumers’ Concerns around Payment Security.

In our digital-driven world, the security concerns are more and more complex, diverse and the threats are also more and more sophisticated, varied and dangerous.

In this complexity, Connectikpeople.co, soon #Retinknow®, always recommends a high-level of collaboration between solution providers and end-users. The DeepLearning and the Computer Vision methodologies and technologies are henceforth there to enhance this approach.   

As part of our global commitment, Connectikpeople.co, soon #Retinknnow®, has captured for you a white paper entitled “Opportunity Knocks: How Card Issuers Can Address Consumers’ Concerns Around Payment Security.” 

Outlined by TSYS this paper  aims to explore changing consumers’ sentiments and the growing concern around the security of their data by highlighting results of the 2014 TSYS Consumer Awareness Data Security Study.

 

In fact, Connectikpeople.co, soon #Retinknnow®, observes that, the report examines actions financial institutions may take to more effectively manage potential risks to include customers’ involvement in protecting their data and financial accounts, and building a stronger, more secure payments ecosystem. It also shares recommendations on how issuers can better manage the increase in security compromises by preparing a disaster-recovery plan, just as they would for other crises. 

It is also interesting to observe that, this white paper suggests issuers are actively engaged in steps to establish a stronger payments ecosystem that includes layered security measures: such as card tokenization, EMV, adaptive risk-based 3D Secure and cardholder alerts, along with strong customer education to provide assurance which in turn increases usage and loyalty.