TransFirst is once again participating in the gathering of thousands of payments industry professionals at TRANSACT℠ 15, taking place March 31-April 2, 2015 at the Moscone Center in San Francisco, California — a city often described as the incubation for innovation.
In October of last year, the Obama administration issued an Executive Order (EO) as part of the President’s BuySecure Initiative, taking action to move our economy toward stronger, more secure technologies — ones that better secure transactions and safeguard sensitive data.
Counterfeit card fraud has been drastically reduced in countries that use more secure EMV technology. However, these countries also experienced fraud predominance shifting from one form to another following the introduction of chip cards.
The collaboration known as the U.S. Payments Security Task Force (PST) is a group of leading U.S. issuers, acquirers, merchants, payment networks and other electronic payment participants, established in 2014. Their teamwork has produced a new white paper that may serve as a roadmap on securing the payments ecosystem in the U.S.