MasterCard and Visa have announced the formation of a cross-industry group to work on improving U.S. payment security. The group aims to advance the migration to chip cards as well as point-to-point encryption. The coalition will include banks of all sizes, credit unions, acquirers, retailers, point-of-sale device manufacturers and industry trade groups. “The recent high-profile breaches have served as a catalyst for much needed collaboration,” Visa’s Ryan McInerney says.”]
Source: https://www.inforisktoday.com/card-brands-launch-security-initiative-a-6610