Payments and Fraud Professionals Tackle Latest Strategies in Ecommerce at Merchant-Led Meeting

BOSTON, Oct. 29, 2013 (GLOBE NEWSWIRE) -- Payments and fraud professionals from top ecommerce companies gathered today in Boston for a three-day conference to discuss the latest trends in payments systems and fraud prevention.

The conference, organized by the MRC, a global organization that fully supports and promotes operational excellence for fraud, payments and risk professionals, is an industry leading event for global ecommerce brands.

"With a membership that represents 95 percent of the top 20 ecommerce companies, 80 percent of the top 50 and 60 percent of the top 100, it is at our core to bring these professionals together several times per year to discuss the latest trends and challenges in payments and fraud," said Tom Sullivan, MRC's interim CEO.

"We believe strongly in the MRC mission and have seen first-hand the quality of these events," said Alex Algard, CEO of WhitePages PRO. "We are glad to co-sponsor the fall platinum meeting and value the intimate, merchant-led approach with a robust and timely agenda of topics. When groups of merchants and security professionals gather to discuss the latest in payments, fraud and security, it makes the industry stronger."

"The payments and fraud community is strengthened by open collaboration and dialogue, which is why we are working with the MRC and sponsoring their fall member meeting," said Bruce Dragt, SVP, First Data Retail and Alliance Services. "Creating and sharing best practices with colleagues in the industry creates a stronger ecommerce infrastructure and a better experience for consumers. We support the mission of the MRC to create excellence in payments and fraud prevention."

The 200 plus merchants from 70 different companies attended sessions that ranged from alternative payment methods, such as digital wallets, to multi-channel fraud prevention and ID verification to in-house solutions.

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.

CONTACT: Chris Guizlo +1-206-422-2394 chris@merchantriskcouncil.orgSource:Merchant Risk Council