Card Brands Launch Encryption Security Initiative #CyberSecurity

“There is a great deal of animosity between retailers and the financial industry, yet both sides, and everyone in between, wants to improve the security of card payments. … This coalition initiative is the right move from both a practical and PR perspective. Neither industry wants to have to explain to legislators or the public that they are unable to secure payments because they didn’t attempt to work together. … Card payments are bigger than any one industry, and the solution is going to take some real solidarity to achieve.”
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