Is PCI compliance working?
Interesting article that touches on PCI – the guy interviewed here, Gray Taylor, suggests what has to happen in order to reduce fraud in the credit card arena.
Fighting Fraud: Banks, Merchants Must Align
He seems to be concluding that the PCI standards are failing, and that banks and merchants must move to stronger measures – perhaps fingerprint scanning, or other biometrics to verify a customer’s identity.
So the question is whether the PCI standards will be ditched, or simply added to in the future.