Act now or pay later: Payment resiliency podcast
Is your payments network risk-ready?
“It’s not a matter of if issuers will have to act to remedy a disruption to their payment network. It’s a matter of when.”
The payments ecosystem has never been in a more precarious state. Since 2004 the financial sector has suffered over $12 billion in losses due to cyberattacks, as cybercriminals relentlessly engineer and deploy increasingly sophisticated tactics, including the use of AI to launch “fast and furious” attacks. Geopolitical risks and environmental disasters take a toll as well.
Network disruptions are as disastrous as they are inevitable — leaving frustrated consumers unable to spend for hours or even days, as issuers and merchants see revenue drop, card usage plummet and brand reputations damaged.
In this episode of “Act Now Or Pay Later!”, Mastercard’s Payment Resiliency podcast, Ilias Tranganidas: Vice President, Product Management-Europe at Mastercard chats with Irina Maksina: Director, Product Management, about the crucial need for issuers to proactively protect their payments ecosystem in today’s constantly evolving and increasingly complex environment, and why it can’t be either a “We’ll get to it tomorrow” or “We can take care of it ourselves” scenario.
Core to the conversation is the need for issuers to seek out and collaborate with partners possessing the advanced expertise and technology necessary to ensure their systems consistently and unquestionably deliver on their promises to customers and protect revenue. Ilias and Irina zero in on Mastercard’s payment resiliency solutions and the role of Stand-In Authorization Service, newly enhanced by Mastercard Dynamic Decisioning, Account Balance Listing and Contingency Manager.
-
Webinar
- Act now or pay later: Payment resiliency podcast