After a long but productive week in Las Vegas, MRC 2018 has finally come to an end and, by all accounts, the Merchant Risk Council hosted another excellent conference. Everyone from Cardinal who attended the conference had a great time networking, connecting with old friends and meeting some new ones as well.
First off, there have been some changes atop the Merchant Risk Council. Ronda Pelloux is currently serving as interim president. We, at Cardinal, would like to welcome her to that role and wish her well in her endeavors. Now, back to MRC 2018.
The conference got off to a great start, with an amazing opening night party at the Jewel Nightclub. The next couple days were filled with interesting and informational break-out sessions on several important topics. One very interesting session was an EMVCo panel, where Visa, Mastercard and American Express discussed 3-D Secure and its overall impact on the payments landscape.
One overall theme from that session is that the payment organizations and the major card brands are working collaboratively with merchants and issuers to remove fraud from the entire ecosystem. While this is the goal, it’s important to remember that, in today’s world, preventing fraud can’t come at the expense of the consumer experience.
The keynote speaker on Wednesday, Eric O’Neill, brought up data as the eventual solution to this problem. Specifically, he talked about how data is the new currency in our lives and how it’s the key to managing fraud risk in this new environment.
Over in the demo theater, there were a lot of great product demonstrations and presentations. Paul Harrison, Vice President of Enterprise Sales at Cardinal, delivered an entertaining and educational presentation, detailing how Cardinal can help merchants increase their revenue by decreasing their chargebacks and false declines. It was a rousing success.
Lastly, one of the highlights of the entire conference was a presentation delivered by Jaime Howard, Vice President of Product Management at Cardinal. The presentation, “What is All the Buzz About 3-D Secure 2.0” was very well received, as it touched on the important aspects of perhaps the biggest topic in the entire industry. One of the main things she discussed was the fact that merchants can effectively prepare for 3-D Secure 2.0 today. But, a basic understanding of the digital payments ecosystem is essential if you want to know what it means to be ready for 3DS 2.0.
The day after that presentation was the Women in Payments and Fraud Luncheon, which was co-sponsored by Cardinal and CyberSource. The luncheon went great and was very well attended. The closing keynote speaker on Thursday was James Veitch, a renowned writer and comedian. By all accounts, this was one of the best events of the week. Everyone was laughing, having a good time and enjoying his hilarious routine.
It was another successful and entertaining week in Vegas for the Cardinal team at MRC. If you missed anything, want to learn more about 3-D Secure 2.0 or see a demonstration of how Cardinal Consumer Authentication can help your business - simply visit us on the web and get started!
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