Saturday, August 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Razer Launches Wildcat Xbox One Controller And Upgraded Nabu Smartband
Workstation Market Shippments Rebound In Q2
Google Will Help You Find Your Plumber
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > MasterC...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 07, 2014
MasterCard and Visa To Strengthen Payment Security


MasterCard and Visa today announced the formation of a new cross-industry group focused on enhancing payment system security.

The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization, point-to-point encryption and broader needs of the region.

EMV is a chip technology that generates a unique code for every transaction, making it nearly impossible for criminals to use the card for counterfeit fraud.

"One of the critical roles we play is to protect consumers and businesses against criminals and fraudsters," said Chris McWilton, president of North American Markets, MasterCard. "Only through industry collaboration and cooperation will we address the real and immediate issue of security and maintain consumer confidence and trust. EMV will be the next step in these efforts, alongside enhanced security solutions for online and mobile channels."

This new group will include banks of all sizes, credit unions, acquirers, retailers, point-of-sale device manufacturers and industry trade groups.

The group will also focus on promoting additional security solutions like tokenization and point to point encryption. In tokenization, the traditional account number will be replaced with a unique digital payment code, providing an additional layer of security.




Previous
Next
LG Set To Become 3rd Leading Smartphone Manufacturer        All News        Samsung Introduces The Milk Music Free Radio Service
Samsung Launches New Line of NFC-enabled Printers At CeBIT 2014     General Computing News      Sony To Sell Buildings at Gotenyama Technology Center

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .