EMV and PCI DSS — Complementing or competing standards?
There has been an increased confusion among the clients/ merchants about the compliance related activities related to Payment Card Industry Data Security Standards (PCI DSS) and EMVCo LLC (Europay, MasterCard, and Visa) (EMV) specifications. There is not enough clarity on what to follow regarding the adoption of either standard. While many merchants (esp. the retail ones) are advocating the necessity to move towards EMV to reduce card fraud to a great extent, the others are still wondering if this move is justified as they are already struggling to keep up with PCI DSS. Recently, the counterfeit card liability shift plans announced by many payment brands as per their individual milestones have once again raised the heated debate regarding the widespread adoption of these two popular standards. Let’s take a closer look at them to understand clearly what does it takes to truly secure your client’s valuable cardholder data from attackers. EMV and PCI DSS — Same or differ...