Alumni

What Every Business Should Know About Credit Card Processing

Entrepreneurial Roundtable

January 21, 2008: 6:30 PM - 8:45 PM

If your business accepts credit cards, you cannot afford to miss this enlightening program. Bryan Johnson will explain how large and small companies alike can improve their payment processing. Bryan will also explain why many businesses today are vulnerable to substantial fines and liability because they do not adequately protect their customers’ personal and confidential data.

Where

Illinois Institute of Technology -- Wheaton, IL Campus
First Floor Lobby
201 East Loop Road
Wheaton, Illinois

Driving Directions:For map and directions: http://www.rice.iit.edu/directions.html

Event Details

If your business accepts credit cards, you cannot afford to miss this enlightening program. Bryan Johnson will explain how large and small companies alike can improve their payment processing. Bryan will also explain why many businesses today are vulnerable to substantial fines and liability because they do not adequately protect their customers’ personal and confidential data. As detailed in a recent ABC network investigative report, many retail businesses (from restaurants to on-line merchants to major retail chains) are still using technology for processing and storing credit card information that allows hackers to capture personal data easily. Those retailers can be subject to fines of $500,000 per violation and face millions of dollars of liability to customers, banks and credit card companies. Indeed, TJX (the parent of Marshalls and TJ Max) suffered huge financial losses – not to mention loss of customers – when it found that outsiders had been stealing credit card information for 18 months. Bryan is the CEO of Braintree Payment Solutions, a company he started a year ago while a student at the U. Chicago Graduate School of Business. In May, Braintree won the prestigious Kaplan New Venture Challenge at the GSB. Braintree Payment Solutions is a leading provider of end-to-end electronic payment products and services. Braintree processes all forms of electronic payment transactions – credit, debit, electronic check, and electronic funds transfer. The company offers simplified PCI Compliance and credit card storage solutions, risk and fraud management, e-commerce solutions, and rate management.

Cost

$25.00 for general public $20.00 for GSB alumni/faculty/students SAVE $5.00 if register by Jan. 16th

Registration

Register Online
Register by Jan. 16th to save $5.00

Deadline: 1/21/2008

Program

6:30 PM-7:15 PM: Networking & Hors d'oeuvres

7:15 PM-8:45 PM: Program with speaker

Speaker Profiles

Bryan Johnson (Speaker)
CEO, Braintree Payment Solutions
http://braintreepaymentsolutions.com

Questions

Bill Wentz, Class of 1988, XP-57 
Roundtable Coordinator
630.527.8552, ext. 304

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