Events Calendar

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BASSCOM Events

20 February 2019 location: Inter Expo Center contact person: BASSCOM

Security of Digital Payments

Secure digital payments at the focus of the conference on March 6

Digitization. We pay contactless, online, via the phone securely and easily. This issue will become even easier and understandable at Security of Digital Payments on March 6 at Inter Expo Center. The latest digital solutions enter phones with just one click.
 

The conference objective is to make card, online and mobile payments safer and more affordable. The new Payment Services (PSD2) Directive (EU) will stimulate the banking sector to open its systems, to facilitate payments. It will facilitate the penetration of markets of new players, which can become competitors of the banks. The development of technology and competition is giving rise to ever more convenient and secure authentication solutions and digital payments that are quick and convenient for the user but feature a high enough level of security. 
 

The conference will present a modern identification system that will be used by a mobile device without any knowledge and skills of the end users, making it extremely accessible. You can pay anywhere and receive a payment through the phone via the Phyre and Phos applications, new electronic identification systems and prevention solutions against draining millions from clients’’ accounts.
 

The first session focuses on the transformation of the banking sector. What are the new requirements that banks have to meet? Are the banks ready for the new challenges? What will be the solutions they will offer to increase card payments and remain competitive on the market? The key goal is to make data more secure and protected.
 

The second session enters the future of card, online and mobile payments. Data is the new oil, the only advantage over the fintech companies. What are the solutions offered by consultants - new applications, new online products for 3D recognition, for e-signature, detection of hacker attacks and fraud, to combat online crime?
 

At present, card payments in Bulgaria have a relatively small share. More than half of the transactions (over 200 million a year) are performed via ATMs, a lower part via POS terminals, while and mobile payments occupy only a tiny share. In Europe, the trend is opposite. And, according to World Payments Report, the global non-cash transactions in 2018 exceed 482 billion euros, as there are expectations for an increase by nearly 13% between 2016 and 2021. The highest growth of 21% on average is expected to be in developing countries. Bulgaria has an outstanding potential.
 

Bulgarians use mostly social networks but avoid e-commerce. In 2017, the proportion of internet users who ordered goods and services over the internet was 27% with an average EU share of 68%. Online banking is also a service that is used by a very small part of the population - 9% of all Internet users. 
The conference is organized for the second time by Inter Expo Center. Event partners this year will be the Association of Certified Fraud Detection Experts in Bulgaria (ACFE Bulgaria), the Bulgarian Association of Software Companies (BASSCOM), the Bulgarian Fiction Association.

More info about the conference can be found here.
 The event will take place within the only Bulgarian exhibition for security and safety - SECURITY EXPO SECURITY EXPO (6-9 March). High technologies in the field of video surveillance, fire detection, fire protection, access control, biometrics, digital security and information security are the focus of SECURITY EXPO's 26th edition. This is the sector’s leading forum in the country and in the Balkans. It is organized by Inter Expo Center and the Bulgarian Chamber of Commerce and Industry (BCCI). More info about new products and participants can be found at securityexpo.bg. 

Between January 1 ,2005 and April 18, 2018 there are registered nearly 9,000 cases of data thefts and misuse.
 There is no doubt that the cybercrime situation is more serious than usual.