Insights

The Past Decade of Payment Processing and Identity Fraud

Next week, EVS will be attending the Midwest Acquirers Association annual
conference
held in Chicago, IL July 18-19, 2012. The mission of this
not-for-profit organization is to bring together professionals in the payments
industry to network and learn from each other. Education is at the center of this
organization, and EVS plans to contribute their expertise that this years
conference. The theme of this years event is Back to our Future, a
reflection on the past ten years in the industry. As the conferences
approaches, we too have had some time to reflect on the past ten yeas of the
industry and our own history.

With the new addition of Jeff Davis, current President &
CEO, EVS has seen tremendous growth and industry insight with his newest blog, Fraud Thoughts. Beyond the growth of our
team, EVS has increased our offerings with fraud prevention solutions as well.
With the release of new product lines and partnership programs, we have been
more dedicated than ever to preventing and detecting fraud. With developments
in social
media
and mobile
banking
, online security is being an increasing issue. As consumers share
their personal information more freely, they dramaticallyraise the risk of
identity theft. Companies in return run the risk of processing stolen/invalid
information and face legal issues or breaches.

As time has progressed and mobile dependency has increased, EVS
has been right there through the shifts in trends. We now offer solutions that support
mobile
identity verification and authentication
. As mobile banking and mobile
wallets continue to make headlines of theft and fraud, we hope to continue to
fight against online and mobile fraud. EVS is excited to celebrate and
reflect on the past decade at the conference and looks forward to
many to come.

[Contributed by EVS Marketing]


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