BankInfoSecurity.com's Week in Review for Feb. 18, 2011

Visa says a move toward EMV can help merchants cut PCI compliance costs, and SWIFT says globalization, regulation and the introduction of new services from non-financial providers will set the tone for payments 2011.Here's some of this week's most compelling content on BankInfoSecurity.com:
  • Visa Incents 'Dynamic Authentication'. A move toward EMV can help merchants cut their security compliance costs, but only if they operate outside the U.S. That's the message from Visa, which last week announced the launch of the Visa Technology Innovation Program, designed to eliminate eligible international merchants from annual validations of their compliance with the Payment Card Industry Data Security Standard.
  • Globalization Will Impact Regulation. SWIFT's Stacy Rosenthal says globalization, regulation and the introduction of new services from non-financial providers will set the tone for 2011. And that's just the beginning.
  • Check Fraud: A Growing Problem. Despite declines in check use, check fraud still ranks among the top three fraud forms banking institutions battle. And it's only expected to get worse. Globalization is going to make the U.S.'s continued reliance on the check an even greater vulnerability.

Please listen to this roundup, and check out all of the news and views on BankInfoSecurity.com.




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