MIAMI, Aug. 1, 2016 /PRNewswire/ -- Mi9 Retail, a premier provider of enterprise retail and e-commerce solutions, announced today it will feature the topic of "Payment and Data Security in an Omni-Channel World" at its annual customer conference, Synergy 2016. The invitation-only event is taking place on September 14-16 at The W South Beach Hotel in Miami, Florida.
According to a special report published in January 2016 by Boston Retail Partners, data security breaches still pose a great threat to retailer resources. In today's environment, retailers are beginning to re-evaluate payment architectures in order to cover all aspects of security and fraud protection. "Only 22% of retailers currently support EMV (Europay, Mastercard, and Visa) Chip Card Technology, another 53% plan to implement within 12 months, and 38% of retailers indicate that payment security is a top priority." 1
According to The Nilson Report, from 1993 to 2014, worldwide losses from card fraud grew to $16.31 billion annually and issuers and merchants lost $2.95 billion in the U.S alone. Additionally, as online sales grow at the expense of bricks-and-mortar retailers, payment and data security will continue to require innovation and prioritization as card fraud is expected to reach $35 billion per year worldwide by 2020. 2
Security protocols, payment security objectives, and the challenges facing today's retailers will be discussed by industry experts who include: Daniel Montellano from Shift4, Brad Pinneke from Vantiv, Vince Torres from Verifone, and Perry Kramer from Boston Retail Partners. Attendees will learn from these experts about EMV compliance, multi-tiered, end-to-end encryption (E2EE), and the critical relevance of these approaches for retailers processing payments through online and traditional in-store channels. Brian Bunk, a Principal and leading IT strategist with Boston Retail Partners, will host this session.
"Our business partners like Boston Retail Partners, Shift4, Vantiv and Verifone have deep domain knowledge that helps our customers optimize their investments in Mi9 Retail solutions," said Neil Moses, President of Mi9 Retail. "The discussion of data security best practices and managing payment risks is something that many retailers face and these experts will provide useful insights our customers can take back and put into practice immediately."
About Mi9 Retail:
Mi9 Retail, the premier provider of enterprise retail merchandising, business intelligence and customer-centric software, empowers the world's most successful retailers to build strong personal relationships with their customers, process high volumes of transactions in real time and optimize inventory across all channels utilizing a single, accurate source of the truth. Built using cutting-edge technology, the software minimizes costs of ownership and provides the industry's fastest time to value. The company's global headquarters are located in Miami, FL, with operations in North America, Europe and Asia. To learn more, please visit www.mi9retail.com.
1 Boston Retail Partners. 2016 Special Report: Payment/Data Security in an Omni-Channel World https://bostonretailpartners.com/2016-special-report-payment-security/
2 The Nilson Report. 2015 Global Fraud Losses Reach $16.31 Billion https://www.nilsonreport.com/publication_newsletter_archive_issue.php?issue=1068
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SOURCE Mi9 Retail