Cards are ever-changing. EMV, the harbinger of "Chip and Pin" seems to be "without PIN". Recently introduced legislation may work to repeal parts of Dodd-Frank, paving the way to more card profits and happier financial institutions. Without a doubt, this three-part six-hour web learn provides the best forum to keep abreast of the complexities in card payment systems.
This session covers the most important
- A Failing EMV from all perspectives - Point of Sale, Issuing Bank, ATM and merchant processor services
- Durbin revisited - can it be repealed -
the answer is YES: enter HR 5983 Financial Choice Act
- ANTITRUST, ANTITRUST, ANTITRUST: Is there a future action in Amex's Bluebird and Serve cards? We say Yes.
- Goodbye to PIN Debit on the Web, Hello NEW 3-D Secure
- The true costs of a data breach
Part One - Cards Intensive
covers the following topics:
- The four characteristics of a payments system: Authorization,
Clearing, Settlement and Finality
- The Players in the Eco-System and their roles and responsibilities
- Examination of Products, including:
- Debit / Prepaid
- Private Label
- PayPal / Wallets
- Operations and Processing
- Aligning the card system with the characteristics
- Card authorizations and channels: e-Commerce, MOTO, Brick/Mortar, m-Commerce
- Host Capture | Terminal Capture
- Settlement, Interchange and Funding
- Chargeback/Disputes | Regulation E | Regulation Z
- Pricing: an overview of how interchange and fees are calculated and
how downgrades could occur
- Merchant underwriting and risk management
Part Two - Regulatory and Legal Discussions includes the following topics:
- Chargebacks and the 'tennis match' of disputes
- FINANCIAL INSTITUTIONS take note:
how to properly qualify a Visa/MasterCard dispute from your customer
- Compliance issues - anything that isn't a formal chargeback could
fall into this 'all encompassing' form of network penalty
- Why In re: Payment Card Interchange REALLY failed
- CFPB prepaid rules changes on the horizon
- Durbin discussion: Direct carrier billing on mobile devices subject to 'Regulated financial institution rules' and interchange governance?
- AMERICAN EXPRESS AT RISK: "You're a bank, you're a Clayton problem and you're partnering with unlicensed entities"
- American Express and Plenti - the economics of expensive interchange funding questionable rewards programs
Part Three: Advanced Topics
includes the following topics:
- Russia's Mir Card and its architected inoperability with United States card systems - what do Russians use at American merchants?
- Is Dynamic Currency Conversion (DCC) out and multi-currency processing / bank management in?
- A discussion of gift cards and loyalty cards in the mobile wallet era
- Gift cards and "off balance sheet" issues
- The new 3-D Secure - online fraud mitigation revisited
- "Emergency NSF cards" when your customer opted-out
- Multi-merchant loyalty and gift programs