Searching For Security Lifting

By Sid Singh, President, OpenEdge, a division of Global Payments

Lifting The Burden Of EMV Migration

Holding payments security up to the light, I am reminded of a line from author, John Steinbeck:

“We spend our time searching for security and hate it when we get it.”

The quote nicely encapsulates the digital commerce landscape in early 2015. The last several years have been eventful, to put it mildly. Through a series of high-profile retail data breaches, well-organized, sophisticated criminal elements have threatened to shake the public’s confidence in card-based transactions. At the same time, the industry stands at the threshold of unprecedented advances in payments technology. Mobility, transaction data integration, apps, and cloud/SaaS-based software deployment will transform how we pay for goods and services. The tug-of-war between those ready to move us forward and those who would hinder that progress is clear. The industry is responding with initiatives to prevent a significant number of payment security incidents. Yet, the change creates new challenges for consumers, value-added resellers, software developers, banks, processors, and merchants.