Payment Innovation Outpacing Security: Study

Security hasn’t kept pace with technology and there is widespread concern that new payment technology such as virtual currencies, mobile payments and e-wallets increase a breach risk, according to a new study.

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The study found that emerging payments technologies coming in the wake of 2014’s mega retail breaches are threatening a landscape in which financial institutions, retailers, payment processors and credit card brands are facing more scrutiny than ever before.

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