13Sep
2016

Security and Convenience in Payments: Can consumers have it all?

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Tuesday, 13 September, 2016 -
11:00 to 13:00
CEPS Conference room Place du Congrès 1 - 1000 Brussels

As revealed by the study on FinTech recently completed by CEPS-ECRI for the European Commission DG FISMA, the number of technological options for consumer authentication in payments is increasing at a steady pace and has vast implications for the KYC (know-your-customer) and AML (anti-money laundering) processes. In that context and against the background of the progressive implementation of the revised Directive on payment services (PSD2), this event will discuss first-hand how a risk-based approach to 'strong authentication' could provide consumers with both security and convenience in payments. The practical aspects in adopting and implementing such an approach will be debated with industry experts from across the payments and commerce value chain, including the European Central Bank and representatives from a payment gateway, issuer, consumer organisation, etc.