MOBILE VS CARD PAYMENT Risks & Mitigations
Location: ONLINE
Date: 19 – 21 FEBRUARY 2024
Time: 1:00 PM till 3:00 PM
Background:
Mobile payments and card payments are two common methods of conducting financial transactions, each with its own set of risks.
While both mobile payments and card payments have their own risks, the key is to take precautions and stay informed about security best practices to protect against fraud and unauthorized transactions.
The differences between the two methods of payment will be discussed, their risks and mitigation controls will be discussed too.
OBJECTIVES
– Learn about the nature and risks of mobile payment compared to card payment.
– Discuss the mechanisms to be provided and best practices to reduce the risk of mobile payment.
– What banks, regulators, and other stakeholders should do in terms of their roles and responsibilities.
MOBILE VS CARD PAYMENT Risks & Mitigations
19 – 21 FEBRUARY 2024 ONLINE From 1pm till 3pm, Beirut Time
OBJECTIVES
– Learn about the nature and risks of mobile payment compared to card payment.
– Discuss the mechanisms to be provided and best practices to reduce the risk of mobile payment.
– What banks, regulators and other stakeholders should do in terms of their roles and responsibilities.
TARGETED AUDIENCE
Any bank employee in the senior level or anywhere else, any employee of IT, risk management, e-channels, digital innovation, operations, banking & customer services, compliance, and audit sectors
CONTENT
– Discuss the nature and the mechanism of mobile payment
– Analyze the risks of mobile payment
– Compare the conveniences and risks between mobile payments vs. card payment
– Discuss the controls that can be activated to mitigate the risks of mobile payment
– Discuss practical study cases