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MasterCard and Visa Launch Cross-Industry Effort To Accelerate Payment Security

2014-03-08

NEW YORK ---- MasterCard and Visa today announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization, point-to-point encryption and broader needs of the region.

One of the critical roles we play is to protect co......

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