How New PCI Standard Eases Move to Cashless Transactions

A new standard from the PCI Data Security Standards Council could help ease the way for smaller merchants worldwide, especially in developing nations, to move to cashless payments using a variety of devices, says Troy Leach , CTO for the council (see Ensuring Security by Design in Payment Card Transactions). “The Software-Based PIN Entry Standard provides a software-based approach for protecting PIN entry on a wide variety of consumer off-the-shelf devices for the purpose of payment acceptance,”

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