New Credit Card Rules Crack Down On Wireless, Lighten Up On Encryption
Written by Evan SchumanSeptember 15th, 2006
Recent changes to credit card security rules reflect a maturing of the payment rules, with wireless monitoring requirements made much more strict while file software integrity monitoring frequency and the encryption demand have both been softened.
"This is a bow to reality," said Mark Rasch, a former federal prosecutor who now specializes in retail security issues. "The first version was more of a Utopian of what Visa and MasterCard thought were workable standards based on what people should do. This is a minor tweaking based upon what people are doing."
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
