Reforming Digital Payments –

A Regulatory Perspective
Bankers
26 October, 2019
Development
Mövenpick Hotel, Karachi
Institute

PROGRAMME OVERVIEW
DETAILS The payment systems landscape is rapidly evolving with the advent of new payment methods; regulatory instructions for the
security of digital payments and standardization of payments services. The arrival of Electronic Money Institutions would
create new payment ecosystem, which is bound to revolutionize the digital payments landscape in the country.
Date: With increasing digitization, the security of digital payments has become the key focus of regulator and the providers as well.
26 October, 2019 This one-day workshop is aimed to provide the payment practitioners; digital banking professionals; payment security
architects; digital banking heads an in-depth knowledge of regulatory instructions and requirements regarding Electronic Fund
Transfer Regulations; Adoption of EMV standards including EMVCo’s 3D Secure protocol; re-carding of existing payment cards
Time: etc.
0930 - 1730hrs
AGENDA SESSION LEADERS
Venue: MODULE 1: SBP’s Electronic Fund Transfer Regulations: An Introduction
Mövenpick Hotel, Karachi  Objective behind the issuance of EFT regulations
Mr. Rehan Masood
 Changes made to the message format/Additional requirements for banks
o Responsibilities of the originator Deputy Director
Fee: o Responsibilities of the beneficiary Payment Systems
 Journey towards compliance the role of various entities Department
Rs. 25,000/-  Pre-authorized transfers and responsibilities
Per participant  Compensation in case of delayed FTs
State Bank of Pakistan
Exclusive of Taxes  Implementation of 3 domain secure for e-commerce
 Free of cost SMS alerts (Myths Vs. Reality) Mr. Ali Saqib
(Includes tuition, lunch,  Activation/Reactivation of internet banking facility (Impact and desired outcomes) Assistant Director
refreshments, course material,  Implementation of transaction and fraud monitoring systems
Payment System
group photograph and BDI  48 hour refund policy
 PCI DSS – 12 broad requirements overview Department
certificate)  Understanding multifactor authentication State Bank of Pakistan
o Implementation of 2-Factor authentication
*10% group discount for 3 or o What are factors
o How can they be implemented
more nominations.
 Implementation of EMV standards
o Role of issuers – Re-carding
o Role of acquirers – ATMs and POS Who should attend?
Early Bird Discount 5% if you
o Chip and PIN standard in Pakistan
register on or before 16  Limits with international payment schemes (Case study)  Heads of Digital
October, 2019. MODULE 2: Security of Payments, Customers and Channels Banking
 Internet banking security framework
o Security risk assessment  PSOs/PSPs
o Security controls implementation
o Authentication controls  EMIs
For registration & o Security controls monitoring
 Technology Service
o Reporting requirements
further information  Card security framework
Providers

please contact: o Security risk assessment

 Payment Security
o Security control implementation & monitoring
Professionals
o Fraud resolution management
P: (92-21) 35384021-22 o Dispute resolution management
 Payment and Card
 PSD Circular No. 09 of 2018
F: (92-21) 35384023 Executives
o Internal/External system assessments and reviews
E: register@bdipk.com; o Channel activation requirements  ADC Implementers
bdipk.training@gmail.com o Transaction monitoring and alert system
o Financial institutions and payment schemes relationship  Auditors & ADC
info@bdipk.com o Counter-measures against e-commerce frauds Policy makers
o PCI-DSS or tokenization
www.bdipk.com o Customer awareness and education

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𝐁𝐃𝐈 Learning https://www.facebook.com/BDIKarachi htps://pk.linkedin.com/in/bdi-35384021