Payment Card Security: Are More Open Standards Needed?

Douglas Kantor, counsel to the Secure Payments Partnership, a coalition of retail groups and payment networks, argues that U.S. card payments need more open standards to build in better security.

“One of the problems we had with the introduction of EMV in the United States was that it lagged behind the security that was already out there in other places, and that caused problems throughout the U.S. market,” Kantor says.