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UPDATE: Visa, Mastercard, AmEx Announce Deal for Online/Mobile Shopping Standard

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Visa (NYSE: V), MasterCard (NYSE: MA) and American Express (NYSE: AXP)
today introduced a proposed framework for a new global standard to
enhance the security of digital payments and simplify the purchasing
experience when shopping on a mobile phone, tablet, personal computer or
other smart device.

According to an August 2013 report from the U.S. Census Bureau, roughly
six percent of all retail sales today are conducted digitally, up nearly
200 percent since the first quarter of 2004. As the number of digital
transactions has increased, so has consumer demand for increased
protection of their payment information. A host of industry activities,
led by issuing and acquiring financial institutions, have already been

See full press release

Posted-In: News


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