Friday, March 19, 2010

Finding and Fixing Payment Fraud - Gemalto, ViVOtech Chime In on PYMNTS

Finding and Fixing [payment] Fraud Interviews Executive Payments Players
BOSTON--(BUSINESS WIRE) captured the insights of Vice President and General Manager Jack Jania of Gemalto, President and Founder, Mohammad Khan ofViVOtech and Chief Operating Officer, Philip Mikal of ChargeSmart to get their thoughts on the payment landscape.
“ChargeSmart's main value is the use of card for bill payments, consumers benefit from the same security and ease of use they are already familiar with.”
One of the most important factors of any payment transaction is security. The clear and present danger of an unsecure transaction can be seen worldwide despite various government regulations. Jania and his team at Gemalto see the future of fraud prevention in an additional security layer such as Chip and PIN that validates the user and card pre-fraud. And Khan explains how merchants in the U.S. are getting enabled with secured chip technology to reduce card fraud like they've done in EMV countries; all while enabling themselves for mobile payments and loyalty programs in near future. And Mikal says, “ChargeSmart's main value is the use of card for bill payments, consumers benefit from the same security and ease of use they are already familiar with.”
The full interview can be found here: promotes the companies, products and people that drive "what's next" in payments, worldwide. is a joint venture between Berkshire Hathaway's Business Wire and Market Platform Dynamics. In the two months since its launch, has assembled a very large and highly engaged community of relevant (and senior) industry executives and opinion makers across the payments ecosystem who regularly click on its newsletter, visit the site, and spend a lot of time there. has become the "hub" for payments innovation for those whose core business is payments and for those who view payments as central to their own commerce capabilities.
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About Market Platform Dynamics (MPD):
MPD is a management consulting firm that ignites catalyst businesses by leveraging new technologies, business models and pricing strategies. MPD has a wealth of experience within industries that are characterized by complex platform-centered ecosystems, including payments, mobile/telecoms, digital and advertising-supported media, and software-based businesses.
MPD works with both incumbents and new entrants, offering a unique lens into the dynamics that shape the competitive playing field. In addition to traditional consulting-based services, MPD’s Catalyst Ventures provides intellectual and human capital to new firms. MPD’s experts include economists, econometricians, product development specialists, and strategic marketers who apply cutting-edge business theory and statistical methods to the practical problems of building and growing a profitable catalyst business. MPD is headquartered in Cambridge, MA, and has offices in London and Hong Kong.
For more information visit
About Business Wire
Business Wire, a Berkshire Hathaway company, is utilized by tens of thousands of member companies and organizations worldwide to functionally enhance and communicate investor relations and public relations content to target audiences. As a recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire facilitates the simultaneous flow of market-moving press releases from corporations to financial markets and their audiences, including regulatory authorities, media, investors, financial information systems and consumer news services. Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems.
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Jonathan Summey, Senior Editor


EVP, New Media

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