What's New in Payments

One in five organizations say they have experienced a payments data theft in the last year

One in five organizations has experienced payments data theft over the past 12 months — ACI Worldwide — “36% of organizations believe they are at a greater risk of data breach than a year ago. 44% agreed with the view that: My company would not invest in fraud solutions that add friction to the customer experience.”


What's New in Payments

EMVCo releases online and in-app transaction security framework

EMVCo launches EMV secure remote commerce technical framework — EMVCo — “EMV SRC will address the complexities and potential vulnerabilities within the remote payments environment by defining a consistent approach to enable the secure transmission and interaction of payment card data among participants. This helps reduce exposure to data compromise and simplify merchant support of these solutions.”


US government to explore new national ID concepts

The White House and Equifax agree: Social security numbers should go — Bloomberg — “The Trump administration is exploring ways to replace the use of Social Security numbers as the main method of assuring people’s identities in the wake of consumer credit agency Equifax Inc’s massive data breach. The administration has called on federal departments and agencies to look into the vulnerabilities of employing the identifier tied to retirement benefits, as well as how to replace the existing system.”