Payments and Fraud Prevention in the Age of Covid

The pandemic has accelerated the usage of real-time payments, with countries across the world seeing a significant increase in digital transactions. This shift has major implications for financial and ecommerce institutions, particularly in terms of managing and protecting data. Aerospike's chief strategy officer, Lenley Hensarling, shared best practices on how to leverage speed and efficiency in this new landscape during an on-demand webinar with CeFPro. The discussion also included insights from GlobalData Systems analyst Sam Murrant on the growth of alternative payment tools and strategies for preventing fraud during this transitional time. Key aspects a payments data architecture needs to consider include authentication, authorization, encryption, audit-trail, white listing, and granular permissioning.