GM Sectec, the global leader in cybersecurity, and Visa, global leader in digital payments, announced the strengthening of their partnership to facilitate fraud prevention, cyber defense and cybersecurity best practices in the Latin America and Caribbean region. To this end, GM Sectec in partnership with Cybersource, a Visa solution, will now offer payment and risk management services supported by GM Sectec’s cybersecurity expertise.
The COVID-19 pandemic accelerated the adoption of digital payments globally and especially in Latin America and the Caribbean, as buyers and sellers continue to expand their use of contactless, on-line and remote payment capabilities. The use of the Internet is increasingly present in people’s daily lives and financial institutions are increasingly exposed to constant security threat vectors. This situation has led to an increase in the number of cyber-attacks and the need to reinforce the security of transactions made through digital channels.
The 6th edition of Visa’s Global Back to Business study finds that 73% of small businesses surveyed said accepting new forms of digital payments is fundamental to growth in 2022. 59% of small businesses surveyed said they already are, or plan to, only use digital payments within the next two years – largely in step with 41% of consumers surveyed who said the same. 90% of small businesses surveyed with an online presence said they attributed pandemic survival to increased efforts to sell online[1].
„One of the biggest concerns for businesses and organizations of all types, sizes and industries is how to protect the personal data and sensitive information of hundreds of thousands of users, customers and consumers who rely on them to conduct their daily transactions through various channels and platforms, many of them digital. The strengthening of our partnership with Visa, will allow organizations of all types across the payment system to engage cyber defense best practices with the support of a trusted cyber defense leader.” – said Hector Guillermo Martinez, president of GM Sectec.
„For Visa, keeping the digital movement of money secure is our number one priority.” – said Eduardo Perez, Chief Risk Officer for Visa in Latin America and the Caribbean. „Partnerships like this one, enables us to continue to innovate in solutions that provide buyers and sellers with increasingly secure, convenient, and frictionless payment experiences, both online or physically at the point of sale.„
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
