Banks and credit unions say they’re waiting for U.S. merchants to take payments security more seriously. But merchants say they, not merchants, have for far too long paid the price for breaches that result in the compromise of card data. Bank of the West senior vice president and enterprise fraud prevention officer said smaller merchants should be bracing for a rude awakening post-October 2015. Merchants want open-source tokenization solutions that can ensure the protection of transaction data over the long haul, Merchant Advisory Group’s Liz Garner said.”]
Source: https://www.cuinfosecurity.com/blogs/emv-migration-merchants-fight-back-p-1816