Visa addresses future of payments innovation at summit

Hector Rodriguez, regional risk officer for central and eastern Europe, Middle East and Africa, Visa.
Updated 19 September 2017
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Visa addresses future of payments innovation at summit

Global payments company, Visa, recently hosted its Security Summit for Middle East and Eastern Europe. The event brought together key stakeholders to discuss the trends, challenges and innovations in payments security that are transforming the way we pay across the region and globally.
Visa said the summit theme, “The Future is Digital — Securing a Connected World,” reflects the growing connectedness of an increasingly digital world shaped by new consumer behavior, new players, and new solutions.
Gathering in Tbilisi, Georgia, leaders from Visa and around 100 senior executives from financial institutions, merchants and governmental bodies across MENA and eastern Europe discussed local and global risk trends, protecting the payments ecosystem from evolving cybersecurity threats, improving the customer experience, and shaping the future of digital payments.
Delegates also discussed a number of key challenges, including the expansion of the fintech sector, the emergence of connected devices, and the new security vulnerabilities, which must be addressed to maintain trust in the overall system.
Hector Rodriguez, regional risk officer for central and eastern Europe, Middle East and Africa, Visa, said: “For people, merchants and governments to use electronic payments and enjoy their benefits, they need to trust them. That is why we invest in cutting-edge technology, and collaborate with our partners through platforms such as our Security Summit to ensure everyone is protected every time they pay or are paid using our products, solutions, and network.”
He added: “The ever-changing nature of security risks necessitates continuous innovation to keep all parties involved in a transaction safe and secure. Visa Checkout, for instance, is a highly effective innovation that is helping to underpin the rapid growth of the region’s e-commerce sector. Meanwhile, contactless innovations can provide additional security to in-person transactions by generating a unique code that makes stolen card information unusable.”
A representative from Al-Rajhi Bank said: “In the dynamic banking market of Saudi Arabia that is evolving faster as the government accelerates its economic diversification agenda, continuous innovation is a necessity to safeguard the interests of all the parties involved in the process. Partnering with global companies like Visa helps us to foresee and analyze potential risks, and put in place systems that ensure the security of our systems.”


Land Rover, Terry Grant smash world record

Stunt driver Terry Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb.
Updated 19 July 2018
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Land Rover, Terry Grant smash world record

Land Rover and international stunt driver Terry Grant smashed a world record at this week’s Goodwood Festival of Speed, with a two-wheel speed run in the new Range Rover Sport SVR. Grant’s 2:24.5 run up the famous hillclimb broke Grant’s old record for a mile traveled in a car on two wheels, set in 2011, by more than 30 seconds.
Grant flipped the Range Rover Sport SVR up on to two wheels with the use of a ramp, before hitting speeds of up 60mph on Goodwood’s famous hillclimb as he set the new Guinness World Record time.
Grant snatched the record in a dramatic last gasp attempt on Sunday afternoon, having attempted four runs earlier in the weekend, none of which Grant managed to complete.
The Range Rover Sport SVR is a 575hp performance SUV, capable of 0-60mph in 4.3 seconds and a top speed of 174mph — with four wheels on the road, at least. The Range Rover Sport only required one modification for the world record run, a tweak to its differential to allow the car to deliver more power to the two wheels on the ground — both of which were pumped up to 90PSI.
Grant is a multiple world-record holder, with 25 Guinness World Records already to his name, and with this latest record, Grant has bested a 2:55 run that he himself set at Goodwood in 2011.
Stunt driver Grant said: “It really shouldn’t be underestimated how difficult a two-wheeled speed run like this is; you are always fighting to keep the car balanced right on the edge, as it tries to tip either one way or the other. You need to be conscious of everything, from the camber of the road to the strength of the wind. Thankfully, conditions were excellent and the Range Rover Sport SVR was the perfect precision tool for the job.”
The world record was not the only amazing Land Rover moment of the Festival of Speed, as 70 historic and important Land Rovers took to the hill in what was the largest batch of cars to ever tackle the famous route in one go. From 1948 to 2018, the parade of cars celebrated 70 years of one of Britain’s most iconic automotive brands.