Just finished up another edition of the BAI Payments Connect conference, this time in Phoenix, Arizona. It’s been interesting to see this show evolve over the years, from a huge grab-bag of financial topics to a more tightly focused event encompassing traditional payments.
Security was a huge theme at this year’s conference – I don’t think it’s an exaggeration to say that half the booths on the show floor had “Fraud” in their title or their company name. It seems a major issue the industry is confronting is that as payments are becoming more distributed, particularly with mobile, a lot of transactions are migrating outside of the traditional secure networks. So we saw lots of companies promoting one kind of “secure envelope” or another to protect payments as they travel across these new channels.
Another subject we heard a lot about was Canada’s upcoming transition to remote deposit capture, and the eventual possibility of a cross-border image exchange system. This is something we’ve seen in the market lately through all the questions and proposals coming out of Canada, but here was some of the most active dialogue we’ve seen about it so far this year. Hopefully we’ll have more on that topic when there’s time. For now, though, thanks to all who came by to visit us at the booth, and we hope to see you again next year!
The Digital Check team takes a moment to stop for a photo on the first day of the BAI Payments Connect conference in Phoenix.