Emerging payments technologies, such as tokenization, are already being deployed in the marketplace, but standardization, as it relates to the security of some of these emerging solutions, is lacking.
This week's top news and views: The arrest of 53 suspects charged with a sophisticated identity theft and fraud scheme gets the attention of federal agents, and the message from the PCI Security Standards Council's annual North American Community Meeting: "Stolen Credit Card Information Is a Commodity That Has Worth."
U.S. merchants and card issuers are taking a closer look at the EMV chip and PIN security standard. But EMV is not the silver bullet, says Jeremy King, the PCI council's European director.
Defense contractors need hands-on candidates who can understand the technical and business issues within the government. Problem is: The demand for these candidates is clearly ahead of the current supply.
The bust of 53 suspects, who have been charged with stealing identities of U.S. citizens to open credit cards and bank loans, highlights the need for stronger U.S. consumer privacy laws and consumer authentication.
The thousand or so PCI delegates from North America, Asia-Pacific and Europe packed into the opening session prove that global payments security standards are inevitable.
Hospital association lawyer, Melissa Bianchi, testifying before a Senate panel seeks exemptions for healthcare providers from the bill's beach notification rules because they're already covered by HIPAA.
Topics such as encryption and chip and PIN are expected to play significant roles in discussions at this week's Payment Card Industry Security Standard Council Community Meeting in Orlando, Fla.
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