Global | Change

Moving Encryption To A New Standard

Security is top of mind for payments executives. Encryption is top of mind for security. But, in some cases, security is not proving to be cost-effective. PYMNTS caught up with Rob McMillon, who serves as vice president of product security at Verifone, to discuss better standards across encryption efforts in the payments industry. It’s well-known, said McMillon, that “encryption keys are vital to the secure operation of payment acceptance devices” — and yet key protocols are not yet in place to promote an industry-wide standard tied to encryption. March 09, 2016