E-Commerce Times Talkback

Re: Credit Card Security Revamp in Works
Posted by: John P. Mello Jr. 2006-07-15 02:33:09

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A revamping of security standards is being prepared by the major payment card issuers and is expected to be announced within the next 60 days. "[MasterCard along] with other payment brands including American Express, Discover, JCB and Visa are currently considering potential, recommended updates to the PCI Data Security Standard based on feedback provided by industry stakeholders," MasterCard Global Technology Communications Vice President Christina Rae told the E-Commerce Times.

Re: Credit Card Security Revamp in Works
Posted by: PaulNews 2006-07-15 02:40:45 In reply to: John P. Mello Jr.

It is good to see that the card industry responds to the massive security loopholes in card payment, as well as to the massive fraud incidents with policy making on the merchants's side. The card industry however misses again to address the topic of consumer authentication, which is key to this problem. When will this change?
Regards
Wolf