Credit unions and other card issuers might take heart from the news that some of the same people who developed the data encryption standard that currently protects ATM transactions are discussing developing a similar standard for card transactions.
According to articles in the information technology trade press, the Accredited Standards Committee X9, a group accredited by the American National Standards Institute is getting ready to start work on something called the Sensitive Card Data Protection Between Device and Acquiring System program.
ASC X9 will work toward building a data encryption standard to protect information from the moment a card is swiped at a payment register to the end of the transaction chain at a so-called acquiring bank, so called end to end encryption.
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