Securing Remote Payments - October 29, 2013
Federal Reserve Bank of Atlanta
Conference Center, Third Floor
1000 Peachtree Street, N.E.
Atlanta, GA 30309
Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta and the Secure Remote Payment Council
E-commerce spending reached $226 billion in 2012 and represented more than 5 percent of all spending in the United States, according to the U.S. Commerce Department. In addition, eMarketer reports that mobile commerce spending reached nearly $25 billion in the United States and is expected to grow by more than 250 percent over the next four years. With this amount of money at stake, there is clearly a need for efficient and secure payment processing. As EMV slowly rolls out in the United States, we need only look at the migration experiences of other countries to see that fraud losses on e-commerce transactions will increase as the fraudsters adjust their targets. In light of these trends, this conference will explore issues, challenges, and solutions involved in creating a more efficient, secure remote payment system.
Contact Doug King of the Retail Payments Risk Forum at Douglas.A.King@atl.frb.org or 404-498-7974.