SOURCE: Merchant Risk Council

Merchant Risk Council

March 03, 2011 15:56 ET

The MRC to Unveil Three New Studies at Its Annual Global Conference

Eleventh Annual e-Commerce Payments and Risk Conference Is the Organization's First "Global" Event

SEATTLE, WA--(Marketwire - March 3, 2011) - The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payments globally, has finalized the agenda for its upcoming annual conference. The MRC's 2011 Annual e-Commerce Payments and Risk Conference will once again convene at the Wynn Las Vegas Resort, and will be held March 22-24. This year's event displays a markedly global focus, reflecting the organization's expansion to provide merchants with advocacy, training and networking support in Europe and beyond. The event will also feature the results of three key studies sponsored by the MRC on behalf of its merchants.

The agenda for the MRC Platinum Meeting (March 22) and General Conference (March 23-24) will include more than 60 speakers and panelists, 50 unique sessions, and more than 45 global payment and risk industry exhibitors. All participants will deliver unique and valuable insight on the growth, diversity and risks associated with global online payment trends and strategies, managing and reducing chargebacks, identifying global cyber threats, and utilizing the newest fraud prevention tools. Conference keynote speakers Include Harry Markopolos, widely acclaimed financial fraud investigator; Andreas Weigend, Former Amazon.com chief scientist, and professor at both Stanford and UC Berkeley; and Joseph Menn, author of "Fatal System Error" and tech reporter for the Financial Times.

The MRC's global reach will be evidenced at the annual conference, where details related to the first Payment Security Survey will be unveiled. This survey, along with the MRC's Annual Fraud Survey and the upcoming Payments Benchmarking Survey, encompass the MRC's three primary program areas: Fraud, Payments and Security. "The findings of the MRC's benchmarking studies will help merchants determine how their payments and fraud operations fare compared with their peers across these geographies," commented Tom Donlea, Executive Director of the MRC. He continued, "In years to come, we expect that the MRC's subsequent studies will provide important trend data that will indicate that the payments ecosystem has become more efficient and cost effective for merchants." The MRC partners with Cybersource, Trustwave and Chase Paymentech to make these surveys possible. 

The March 2011 conference also marks the first time the MRC Global Board of Directors will meet jointly with its European Advisory Board and Americas Advisory Board. The board will meet to revise its global three-year strategy and ensure that merchant members' priority issues are incorporated into the plan. "The world of e-Commerce fraud knows no geographic boundaries, and what becomes a problem in one region will undoubtedly spread elsewhere. The MRC is committed to supporting merchant best practices to avoid these risks altogether," says Donlea.

About the Merchant Risk Council
The Merchant Risk Council leads industry networking, education, benchmarking and advocacy programs designed to make electronic commerce more efficient, safe and profitable.

Today, with the power of its member-base, the MRC is the leading trade association for managing payments, preventing online fraud and promoting secure e-Commerce. With headquarters in Seattle, Washington, the MRC is dedicated to working with e-Commerce and multi-channel merchants, payment processors, credit card issuers, credit card brands, alternative payment providers, risk management leaders, and a variety of law enforcement agencies to improve the online shopping channel. 

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