Two facts about mobile payments: Just about nobody has actuallymade a mobile payment just yet, but a massive, multi-billionindustry is betting big that mobile payments via smartphones willin fact take off soon.
A step in that direction: the PCI Security Standards Council nowhas issued its PCI Mobile Payments Acceptance Security Guidelines.a dense, 20-page document designed to bring safety and security tothe emerging sector.
PCIis a global forum founded by leading credit card brands: AmericanExpress, Discover, JCB, MasterCard and Visa. The organization doesnot itself enforce compliance – it says that is up to theindividual card issuers and their merchant networks. But itspronouncements carry weight in financial services.
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