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Paragon Application Systems presents 'Staying Ahead of EMV Card Fraud' at Middle East conference
May 13, 2009
HOLLY SPRINGS, N.C. — Paragon Application Systems will participate in the 10th annual Cards Middle East conference May 17-20 in Dubai, United Arab Emirates. According to a news release, the Cards Middle East conference is the largest cards and payments conference in the Middle East.
During the show, Harold Pruitt, solutions engineer from Paragon Application Systems, will present "Staying Ahead of EMV Card Fraud," which will examine possible EMV card fraud scenarios and ways to test them. Paragon also will exhibit at the conference.
"Card fraud is an ongoing challenge for financial institutions and merchants," Pruitt said. "Migrating from magnetic stripe cards to EMV smart cards has reduced fraud but not completely eliminated it. Since it is difficult to test EMV fraud using physical devices, financial institutions need ways to simulate and test fraud scenarios. The challenge for issuers is making sure that their fraud detection system is accurately flagging EMV card fraud scenarios like invalid chip data, bad offline PINs, damaged chip cards with rewritten magnetic stripes and multiple transactions from diverse geographies."
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