Global study shows increasing security risk to payment data

While acceptance of mobile and other new forms of payments is expected to double within next two years, a new study reveals that the eCommerce industry might be not fully ready for the bloom as the proper security measures are not implemented. Study shows that credit card and other payment methods risk is on increase.

New Payments Services Directive 2 (PSD2)

The European Commission has proposed a revised Payments Services Directive (PSD2) and a Regulation on Multilateral Interchange Fees (MIFs) in order to cater to the needs of the European payments market. The proposed bills are intended to create more competition in the market which in turn should lead to innovation and higher security standards in the payments environment.