Visa Releases Global Data Encryption Best Practices

[Peaches]

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Visa Releases Global Data Encryption Best Practices

Data field encryption protects card information from the swipe to the acquirer processor with no need for the merchant to process or transmit card data in the 'clear'

Oct 05, 2009

San Francisco " October 5, 2009 " Visa Inc. (NYSE: V) today announced global industry best practices for data field encryption, also known as end-to-end encryption. The best practices (PDF) are designed to further the payment industry's efforts to develop a common, open standard while providing guidance to encryption vendors and early adopters. Data field encryption protects card information from the swipe to the acquirer processor with no need for the merchant to process or transmit card data in the "clear."

"While no single technology will completely solve for fraud, data field encryption can be an effective security layer to render cardholder data useless to criminals in the event of a merchant data breach," said Eduardo Perez, global head of data security, Visa Inc. "Using encryption as one component of a comprehensive data security program can enhance a merchant's security by eliminating any clear text data either in storage or in flight." he added.

More details at DarkReading - http://www.darkreading.com/security/encryp...tion=Encryption