Chip and PIN adoption serves lesson for U.S. payment industry

Fresh off the SearchSecurity press:

"First Data Corp. and RSA, the security division of EMC Corp., are the latest major companies working together to encrypt credit card data at the point-of-sale device. This early encryption approach, also offered by other vendors, including ProPay Inc. and Merchant Warehouse, can lower the technical costs of Payment Card Industry Data Security Standard (PCI DSS) compliance, as well as the legal risk of disclosure notifications and the risk of mass information loss. It is a proactive approach that retailers should be evaluating" ...