PCI Security Standards Council is offering 40 percent lower fees for participating organizations in lower-income economies. Mobile payments are growing worldwide, but security is lagging in many markets, security expert says. Companies must focus on end-to-end encryption, secure contracts with third-end and secure parties handling customer data. South Africa is seeing a rise in payments methodologies that are not dependent on Visa and Master Card. Businesses that provide easy use of secure cashless transactions will have a competitive advantage, experts say.”]
Source: https://www.bankinfosecurity.com/pci-offers-lower-fees-in-developing-markets-a-10719