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October 15, 2014
Berger, Hunt talk secure payments with task force
NAFCU President and CEO Dan Berger and Senior Vice President of Government Affairs and General Counsel Carrie Hunt participated Wednesday in a steering committee call of the Payments Security Task Force, of which NAFCU is a member.
The task force is a diverse group of participants in the payments industry focused on EMV chip implementation, including ways to help reduce testing and implementation time, as well as driving a discussion on payments system security. During the call, participants discussed strategic plans for continuing its work to ensure secure payments across all sectors, including merchants. The presidents of Visa and Mastercard participated in the discussion, as did the heads of several major banks and retailers.
Reportedly, 21 federal lawsuits have been filed against Home Depot in the wake of its massive data breach. Those suits allege that the chain had not taken adequate measures to ensure its payment systems and customer data were secure.
NAFCU was the first financial trade association to call for a national data security standard for retailers in the aftermath of the Target breach last year. The association is also pushing Congress to establish a bipartisan working group to develop legislative recommendations to address ongoing retailer breaches.
The task force is a diverse group of participants in the payments industry focused on EMV chip implementation, including ways to help reduce testing and implementation time, as well as driving a discussion on payments system security. During the call, participants discussed strategic plans for continuing its work to ensure secure payments across all sectors, including merchants. The presidents of Visa and Mastercard participated in the discussion, as did the heads of several major banks and retailers.
Reportedly, 21 federal lawsuits have been filed against Home Depot in the wake of its massive data breach. Those suits allege that the chain had not taken adequate measures to ensure its payment systems and customer data were secure.
NAFCU was the first financial trade association to call for a national data security standard for retailers in the aftermath of the Target breach last year. The association is also pushing Congress to establish a bipartisan working group to develop legislative recommendations to address ongoing retailer breaches.
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