Last week, MAPP Advisors attended the 10th Annual MAC Conference and served as a Gold Sponsor. The conference is the only one in the acquiring industry dedicated to risk. It was attended by over 400 payments professionals and the intimate size was a welcome change from some larger payments conferences. It provided the perfect setting for networking and learning about the latest risk topics, tips and trends. MAC members foster a collaborative atmosphere amongst competitors which contributes to rich content, open dialect and in-depth insight into payments risk and compliance.
Here are a few highlights from the MAC Conference:
Day One: Regulatory Compliance featured a great kickoff presentation on the changing flow of money around the world which makes it more difficult to find bad actors, as well as sessions on BRAM, Blockchain, and a view of the payments industry from Washington D.C.
Day Two: Risk and Fraud included presentations on financial crimes and the Secret Service, the evolution of API and how to effectively use big data, as well as panel discussions on transaction laundering and how to predict which of your merchants will be breached.
Day Three: Tactical MAC featured a roundtable discussion where attendees got to discuss the trends, risks and successes they are seeing day-to-day within their companies as well as sessions on chargeback rules and AML risk.
New this year, the conference featured “Knowledge Bursts” which were twenty minute concentrated educational sessions that packed a lot of content into a short time. There were several “Vendor Spotlights” where attendees learned about the top risk and compliance solutions available. One cool feature of the conference was the high number of gift card prizes awarded to attendees, mainly via drawings but also to those who played Gamification on MAC’s event app. Overall, the conference was well organized and provided a lot of bang for the buck.
MAPP Advisors will attend next year’s MAC Conference which will be held on March 12-14, 2019 in Las Vegas at a brand new venue, Park MGM. We encourage your attendance and hope to connect with you there! To learn more about MAC, visit: www.macmember.org.