Digital Transactions Authoritative, insightful and timely information for payments professionals
Disruptive technologies, computer security, and global standards are poised to enable secure, seamless digital operations—supporting new payment models, while addressing risk.
Today’s Challenges
There’s no question that the payment and transaction landscape is complex, touching everyone from consumers, solution providers, and merchants to payment networks and banks. Regulatory security requirements for credit card transactions are stringent, requiring a costly and time-intensive process of testing and compliance that can be prohibitive for bringing new technologies and solutions to market. Attacks on retailers resulting in security breaches make headlines, and result in millions of dollars of damages, fines, and cost to reputation.
· USD 364 billion1 spent by businesses on data breaches in 2014.
· 60 percent2 of cases result in organizations being compromised by hackers in just minutes.
· 34 percent3 of consumers no longer shop at a specific retailer due to a past data breach issue.
· 70 percent4 of data breaches occur at the POS.
