Seth Ruden, Sr. Fraud Consultant, Payment Risk Solutions for ACI Worldwide, is a Certified Fraud Examiner and Certified Anti-Money Laundering Specialist and has been working with banks in the detection and mitigation of financial crimes since 2004, in the compliance department of one of the largest global banks. Since then, he has worked with Law Enforcement, Regulators, Executives and Analysts in consulting positions beyond the United States, extending to financial services organizations in Asia, the Middle East and North and South America.
As smartphones and wearable devices continue their exponential growth in Canada and globally – it’s expected to be worth $34 billion by 2020 – Canadians will need to be wary of the increasingly popular “Tap” payment channel (or alternative NFC wearable device) service.
So, here we are, living in the “future”… many of us now finally have chip cards; the G20 nations are all in the post “liability-shift” world; we’re all expecting to be living in the new paradigm.