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Auriemma Consulting Group to Speak on Fraud at Merchant Advisory Group (MAG) Mid-Year Conference

February 8, 2017

(New York, NY):  Auriemma Consulting Group (ACG) will have two speaking roles at the upcoming Merchant Advisory Group (MAG) Mid-Year Conference, scheduled for February 15-17 in Atlanta.

Ira Goldman, Director of ACG’s fraud management and chargeback Industry Roundtables, will be leading an interactive session focused on synthetic identity fraud on Thursday, February 16 at 1:00 p.m. In the session, retailers will collaborate in a working group to discuss best practices for combatting synthetic fraud, an esoteric type of identity theft that is quickly becoming a favored channel for fraudsters in a post-EMV environment. The session, which aims to determine best practices for the store environment, as well as co-brand and private label credit card programs, will also draw on analysis from ACG’s Retail Payments Fraud Roundtable, taking place February 7-8 in Atlanta.

“Fraudsters have been exploiting vulnerabilities in credit reporting through use of a combination of SSN, address, DOB, and name to create fake identities,” Goldman said. “It’s more important than ever that retailers be aware of how synthetic ID fraud works and how to establish appropriate controls.”

Marianne Berry, Managing Director of ACG’s Payment Insights practice, will lead a session focused on gift card fraud Wednesday, February 15 at 2:30 p.m. Identified as a hot topic by the MAG membership, retail participants will discuss the latest trends and scams hitting their programs and focus on preventing risk in both the in-store and virtual environments.  The discussion will be guided by the top priorities of participants, ranging from technology solutions to loss prevention activities.

“Gift cards are beloved by customers, but they’re also a favorite of fraudsters, particularly in this era of high-profile information hacks,” Berry said. “Collaboration and communication across the retail community are both key for identifying and combatting illegal gift card activity.”

In addition to these speaking roles, ACG will have a presence at Booth 16 in the Exhibit Hall.  Attending retailers can book a one-on-one meeting with ACG speakers to discuss how the consultancy’s research, Industry Roundtables and advisory work can help prevent fraud, acquire more customers, and operate more effectively. To book a meeting or discuss the Retail Payments Fraud Roundtable, email jeff.tennenbaum@acg.net.

About Auriemma Consulting Group

Auriemma Consulting Group (ACG) is one of the most recognized and respected boutique providers of advisory consulting services to the Payments, Lending, and Retail industries.  Our rich history of engaging with Retailers started 30 years ago, with the introduction of the first co-brand credit card program.  The work we do with Retailers in the context of Payments has helped them tangibly improve customer acquisition, retention, service, and loyalty.  Our range of services includes Industry Roundtables (best practices and benchmarking), Partnerships (co-brand and private label), Corporate Finance (transaction advisory), and Payment Insights (consumer research).

About The Merchant Advisory Group (MAG)

The Merchant Advisory Group (MAG) was founded in 2008 by a small visionary group of merchants in the payments field dedicated to driving positive change in payments through multi-stakeholder collaboration. Today, the MAG represents over 100 of the largest U.S. merchants who account for nearly $2.6 Trillion in annual sales at over 430,000 locations across the U.S. and online. Roughly $1.5 Trillion of those sales are electronic representing over 41 Billion card payments. MAG members employ nearly 11.5 million associates.