Monday, March 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alibaba Signs Deal With BMG
GIGABYTE Releases ARM Server Solutions
ASUS Transformer Book Chi Available for Preorders
GitHub Under Denial-of-service cyber Attack
LG Launches New AKA Smartphones Globally
Spotify on PlayStation Music Available Today
Microsoft Lists Windows 10-Compatible Phones
Intel in Talks to buy Altera: report
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 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 .