Last week, we covered the interchange debate in Washington related to the anti-trust lawsuit against MasterCard and Visa. Now, according to CBS News, there is another point of sale conversation coming to Congress, and this one involves POS security.
When it comes to point of sale breaches, 2013 was a particularly bad year. The attack on Target and Neiman Marcus headlined a year that includes several other organizations becoming the victim of criminals. In January, the FBI issued a warning to the retail industry, stressing the possibilities of an increase in future attacks.
This week, executives from Neiman Marcus, Target and several other organizations will be in Congress to answer questions about the events surrounding the breaches. Currently, there is talk of new laws that will be used to strengthen consumer protection in the face of POS breaches.
There are some industry experts that stress other components as the real problem when it comes to security, with the biggest component being problems with America's infrastructure. Not only does this mean a strengthening in networking and connections, but also upgrading to more secure solutions like EMV chip technology.
Ed Mierzwinski, of U.S. Public Interest Research Groups, told the news source, that secure chip and pin technology, which has been in use in other countries for years, will be making its way to the U.S. soon.
Changes are coming to the POS landscape. With the help of a retail solution provider that specializes in mobile devices, any organization can take steps to improving overall operations.