Media Alert: Socure Talks First-Party Fraud in Merchant Services with Leading Fintechs at MRC 2023 Conference

• Founder & CEO Johnny Ayers to moderate panel with Chime and Green Dot on defining first-party fraud and evolving trends
• Socure will demonstrate how organizations can drive customer acquisition with highly accurate identity verification — visit booth #201 for interactive demos and discussions

Socure, the leading provider of digital identity verification and fraud solutions, will demonstrate how retailers and payments organizations are driving growth at scale with frictionless and highly-accurate identity verification and fraud prediction at this year’s MRC 2023 conference, which will be held in Las Vegas, NV, March 6 - 9. Socure will host demonstrations and discussions in its booth #201, as well as lead a panel discussion on first-party fraud.

Featured at the event, Johnny Ayers, Founder & CEO of Socure, along with notable fraud executives from Chime and Green Dot, will discuss “First-Party Fraud: What It Is, and What It Isn’t.” First-party fraud is difficult to classify, pinpoint, and ultimately combat. Ayers will lead the panel in a discussion on how companies differentiate between a consumer’s intent to commit a dishonest act versus making an honest mistake, along with trends in first-party fraud. They’ll also discuss what approaches have been used to combat first-party fraud in the past, and whether there is an opportunity to collaborate to better address the problem.

Panel details are as follows:

Title: First Party Fraud, What It Is and What It Isn’t

Date: March 8, 2023

Time: 11:45 am to 12:30 pm

Location: Bristlecone 9 Ballroom, Aria

Moderator: Johnny Ayers, Founder & CEO, Socure

Panelists:

• Uma Coppa, VP of Risk Policy & Innovation, Chime
• Phillip Lerma, Chief Risk Officer, Green Dot

Established in 2000, the Merchant Risk Council is a global non-profit membership association for ecommerce payments and fraud prevention professionals around the globe. Its flagship conferences are multi-day, in-person events showcasing several tracks of educational content, workshops, and an exhibit hall. The content is focused on trends in payment fraud, payment optimization, technology and innovations, security and law enforcement, trust and safety, regulations and compliance.

To learn more about how to join Socure at MRC or to book an on-site meeting with an industry expert, visit https://offers.socure.com/meet-socure-mrc-vegas.html

About Socure

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 400 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Poshmark, Stash, DraftKings, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

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