| | April 20188By Gautam Pande, Director, Market Product Management, Mastercard ­ South AsiaHeadquartered in New York, Mastercard is a leading global payments & technology company that connects consumers, businesses, merchants, issuers & governments around the world.TIN MY OPINIONSECURITY IN DIGITAL PAYMENTSoday a consumer has a range of op-tions to choose while making a mer-chant payment. The entire payment ecosystem has pivoted itself in the last 14 months to solve the critical pain points in the payment flow even as we continue on our path to become a `less ­cash' society. Advances in technology are allowing us to innovate in a manner that in-creases consumer convenience along with the underlying security. In any payment product, security needs to be the core component of the product design. A multi-level security by de-sign approach begins with a strong payment network level layer. This acts as a first level of defense against a concerted fraud attack on a specific payment channel / bank/ portfo-lio(s) within a bank. Building blocks of such a layer is based on self-learning capabilities to identify any emerging trend based on real time analysis of payments across channels and
< Page 7 | Page 9 >