Raising the Bet: A National Payment Security Standard
Written by David TaylorMay 7th, 2009
In the high stakes poker tournament that is the payment processing industry these days, a group of merchants and payment application vendors has raised the bet. Not content to just advise the players (by joining the PCI SSC), a group of merchants and payment system vendors have decided to take a seat at the table by launching their own payment security standard — an American National Standard, under the auspices of the ASC X9 standards committee.
But GuestView PCI Columnist David Taylor wonders if one national standard beats two pairs of industry standards. He takes a hard look at some of the current players and their rather interesting histories.
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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
