The Visa Summit held in Barcelona at the end of last month was dedicated to the safety of the credit card holders and novelties the company introduced.
“Our Risk teams host security summits all across the world as an opportunity for different stakeholders to come together and discuss the security issues that are top of mind,” the Visa website says.
It added that the “increasingly innovative, complex, and evolving payments landscape,” demands a focus on building security and trust in the payments ecosystem.
Visa says it brings “together payment and risk experts from financial institutions and other payment service providers to deliver a comprehensive agenda, covering key topics such as cybersecurity, future of secure commerce, digital identity and verification and much more.“
Neil Caldwell, the head of Merchant and & Acquiring at Visa, told N1 that “the regulations, in general, would limit the innovation story,” and that to some extent the individual data has different implication in different countries.
The Global Data Privacy Regulation (GDPR) is a custodian of the individual data, and the innovation can go only that far, Caldwell says.
He added that any segment of payment had to take place successfully. Caldwell also mentioned some innovations already in place, adding they took care of the safety of any commercial experience that had to take place.
Below is the whole interview.