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.