Credit Card Rivals to Unite in Data Protection Effort

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00023798-credit-card-rivals-to-unite-in-data-prote/

By Eric Dash, New York Times

Two longtime rivals in the credit card business are working together to create a private group that would set new industrywide security standards as early as the middle of this year, a MasterCard executive said yesterday.

Security officials from Visa USA and MasterCard International began quietly meeting early last year to discuss the best way to improve data security. But the high-profile disclosure of a security breach at CardSystems Solutions, a tiny payment processor that left 40 million cardholder accounts exposed to fraud, has given the effort a new push.

For this complete story, please visit Credit Card Rivals to Unite in Data Protection Effort. (Free registration may be required to view the story on the New York Times web site)

Credit Card Rivals to Unite in Data Protection Effort

Unknown Author

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