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Bad news for finservs and their customers. For the first time, Verizon in its Payment Security Report showed a downtrend with organizations failing compliance assessment. Or more significantly, not sustaining full compliance.

After documenting improvements in Payment Card Industry Data Security Standard compliance over the past six years (2010 – 2016), Basking Ridge, N.J.-based Verizon’s 2018 Payment Security Report now reveals a concerning downhill drift.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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