April 18, 2019
WASHINGTON (April 18, 2019) – Last week, leaders from across the payments industry gathered at the Hilton Washington DC National Mall for the Innovative Payments Association’s (IPA) 8th Annual Power of Prepaid® Conference. For three days, attendees heard from experts pushing the innovative payments community forward. A key takeaway from the conference: the industry is taking proactive action to make financial security a top priority.
“The prepaid, fintech and broader innovative payments community has emerged as a dynamic force in our digital economy. Unfortunately, with growth, comes added threats from bad actors looking to do harm to consumers,” said Brian Tate, president and CEO of IPA. “Our members understand that as we develop new avenues for payments, we must also constantly update and adapt to the ever-changing realities of data and financial security.”
Keynote speakers included cyber security expert and best-selling author Brian Krebs, Senator David Perdue (R-GA) and Congressman French Hill (R-AR). Panelists included representatives from Uber, Mastercard, Visa, the Federal Reserve, Green Dot, Metabank and Netspend. With the effective date of the Consumer Financial Protection Bureau’s (CFPB) final rule on prepaid accounts in the rear-view window, many panels turned to the security challenges facing the industry.
“The Power of Prepaid conference continues to be the must-attend forum for the innovative payments community,” said Robert Skiba, chairman of the IPA board and executive vice president at InComm Inc. “As our digital and financial lives become more complex, prepaid and fintech innovators must continue to collaborate in order to stay one-step ahead of security threats.”
This year’s winner of the TerryMaher Prepaid Influencer Award was Loraine DeBonis, Marketing & Communications Director at Ubiquity Global Services. Other award winners for their outstanding work in B2B, fraud prevention and innovative payments technology included DCR Strategies Inc. & CFMWS (Canadian Forces Morale and Welfare Services), Brink's Global Payments & Brink's Inc. and InComm respectively. Winners of the Bob Skiba Volunteer Award included First Data’s Euphemia L. B. Erikson, Discover’s Quinn Refer and U.S. Bank’s Lisa Alessandro.
“Our members continue to innovate, particularly in the realm of cyber security. Bringing together the best and the brightest in both the payments and policy worlds helps to generate new ideas that can make the difference in the fight against criminals,” said Ben Jackson, COO of IPA. “We look forward to applying these learnings and making tomorrow’s prepaid and payments environment even stronger.”
More details can be found at http://prepaidevent.com/.
About the IPA
The Innovative Payments Association (“IPA”) is a trade organization that serves as the leading voice of the electronic payments sector, including prepaid products, mobile wallets, and person-to-person (P2P) technology for consumers, businesses and governments at all levels. The IPA’s goal is to encourage efficient use of electronic payments, cultivate financial inclusion through educating and empowering consumers, represent the industry before legislative and regulatory bodies and provide thought leadership. For additional information, visit www.ipa.org, or follow us on Twitter @IPAUpdates.
Media Contact: Christian Unkenholz, 202-617-3087, firstname.lastname@example.org.