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Payment security data breach trends to receive scrutiny at September summit

Massive data breaches have raised questions about how to better protect consumers' personal and payment data. This will be the focus of a general session at the second annual ATM & Mobile Innovation Summit in September.

July 9, 2014

Massive data breaches, such as the one that struck Target last December, have raised questions about what additional security measures merchants, financial institutions and transaction processors should take to protect consumers' personal and payment data.

This discussion will be the focus of a general session at the second annual ATM & Mobile Innovation Summit, Sept. 10–12 at the Capital Hilton in Washington, D.C.

In the session, "Payment Security and Data Breach Trends," expert panelists, including Annmarie 'Mimi' Hart, CEO of MagTek, will provide insight into where businesses are failing with data security and how they can ensure secure payments going forward.

“Encryption and tokenization don't go far enough," Hart said. "At the end of the day, what we need is a card authentication scheme. The promise of mobile is the ability to use dynamic data to give us a dynamic authentication scheme.”

Other panel experts include Anthony Antolino, CMO at EyeLock Corp., and Bob Hill, VP of marketing strategy at Early Warning Services. MagTek, a provider of secure transaction technology to the payment card industry, is also a premier sponsor of the Summit.

The summit will feature approximately 40 speakers, including executives from Bank of America, Bitcoin Investment Trust, Bitpay, Citi, CU24, Facebook, MasterCard, Payment Alliance International, Retail Industry Leaders Association, Robocoin, SECU of Maryland, US Bank, and several government agency members, regulators and attorneys.

The summit was created for the benefit of financial institutions, payment companies, analyst and legal firms, processors, card networks, security firms, large retailers and ATM deployers. It is a partnership between Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and Retail Customer Experience, and the Electronic Funds Transfer Association.

Online registration for the second annual ATM & Mobile Innovation Summit is now open with early-bird pricing available.