Electronic payment company highlights online security processes at event

Global electronic payment company, Visa, hosted tech correspondents and bloggers in Lagos last week.

The event was held to help educate and engage tech bloggers on Visa’s role in promoting secure electronic payments. The forum featured an informative two hour session with Visa Country Manager, Ade Ashaye, as he provided insight into the evolution, benefit and potential future of the Nigerian financial cards industry.

Speaking at the event, Ashaye said, “Technology continues to transform payments, and is changing the way consumers, pay and get paid. The transformation has however created a ripple effect across the payment ecosystem. Fraud Mitigation through global chip adoption continues to put pressure on card-not-present fraud – driving the use of authentication and token technologies.”

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Data protection, data devaluation, responsible innovation, and fraud prevention are the four major measures being used by Visa to track and mitigate against fraudulent acts, Ashaye explained.

Nita Omanga, Director of Risk SSA at Visa also joined the discourse via a hangout call and she explained several risk management concepts such as the Payment Card Industry Data Security Standard (PCI DSS) and its workings to the enthusiastic bloggers and media personnel.

The event which had bloggers from popular tech and IT websites present availed learning and networking opportunities.

The Forum’s hashtag #VisaTechFeeds also topped trends on Nigerian Twitter with a lot of conversation generated on twitter being geared towards Visa and its risk management systems.