LISBON, Portugal, Sept. 25, 2013 (GLOBE NEWSWIRE) -- As ecommerce continues to grow and new payments and fraud protection products emerge, leading payments and fraud ecommerce professionals gathered today in Lisbon, Portugal to participate in a merchant-led series of round-table discussions and table-top exercises. The sessions and discussions focused on the latest threats and the newest tools to prevent fraud and streamline payments for consumers.
The event, organized by the MRC, the foremost global nonprofit organization that fully supports and promotes operational excellence for fraud, payments, security, and risk professionals within ecommerce, attracted more than 200 top global merchants. Discussions led by industry leading payments and fraud professionals covered: 3D secure, conversion rates, SEPA, affiliate fraud, regional specific concerns, alternative payment methods, chargeback operations, credit card surcharges by country, law enforcement interaction and much more.
"We believe in the mission of the MRC to help strengthen the payments community against fraud and are proud to help sponsor the Lisbon event," said Jason Sloderbeck, director of product management for RSA Silver Tail. "The collaboration of merchants and security professionals at these events helps to keep payment security issues at the forefront and drives RSA to address our customers' most pressing concerns within the on-line and card not present eco-system."
"Online fraud is a growing and costly problem. Our merchants are from all over the world and attend our Platinum meeting with specific concerns that they need addressed," said Nicolas Vedrenne, MRC's managing director, Europe. "The format of the event, including the workshops, the small group discussions, site visits and case studies provide the right balance of learning and networking so that everyone leaves with a handful of new ideas, and in many cases, solutions to their current issues."
While merchants are gathered in Lisbon they will hear keynote addresses from Sirpa Nordlund, the executive director of the Mobey Forum and Luis Filipe Reis, the president of the Portugues Retail Association.
ABOUT THE MRC: The MRC is the foremost global organization that fully supports and promotes operational excellence for fraud, payments and risk professionals within ecommerce. With a membership of nearly 400 of the world's most prominent merchants and more than 50 category leading solution providers, MRC members report 45 percent less revenue loss due to fraud, 50 percent less manual reviews and 50 percent less fraud related chargebacks.