The electronic payments industry works tirelessly to ensure consumers’ private data and money are protected during each transaction. This includes improving current security measures and investing in innovative solutions on both sides of the payment equation.
PIN is old news in the security world, with other advanced and effective solutions already on the market. The banking industry originated PIN in 1967 for use at ATMs and is well acquainted with its strengths and weaknesses, including the serious consequences it has when compromised.