The final version of PCI version 2.0 has just been released. It takes effect Jan. 1, but impacted entities have until Dec. 31, 2011, to become fully compliant.
Card fraud, globalization and emerging technology are pushing U.S. merchants and card issuers to take closer looks at the EMV chip standard, and the PCI Security Standards Council is helping to lead the charge.
Merchants, financial institutions and any other provider in the payments chain can expect to take more responsibility for complying with Payment Card Industry Data Security Standards.
Emerging payments technologies, such as tokenization, are already being deployed in the marketplace, but standardization, as it relates to the security of some of these emerging solutions, is lacking.
Topics such as encryption and chip and PIN are expected to play significant roles in discussions at this week's Payment Card Industry Security Standard Council Community Meeting in Orlando, Fla.
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