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Miklos Farkas

Company / Organization
Printec Group of Companies

Title / Position
Senior Consultant

Short description
Physics taught me to model. Choosing the relevant parameters of a real system and finding the simplest matching abstraction – this is fun. When the predictions developed from the model are confirmed, that’s great. “A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do.” (Bob Dylan) Yes I’m a lucky man.

Achievements: RS2 ATM Controller; PCI DSS compliant Key Management Systems integration with various acquiring hosts; Printec Watch4PAY POS acquiring system for merchants.

Topic of speech
Banking core business is selling trust. Legacy: person to person confined in the banks perimeter, during business hours, exchanging tangible tokens. Today: person to service, anytime, anywhere, exchanging virtual tokens. A holistic view of the payment networks and payment instruments evolution over the last decades, with a glimpse of tomorrow.