WASHINGTON – A panel of security experts expressed doubt at Visa's Global Security Summit that regulations implementing a nationwide cap on debit interchange would do anything to further the effort to fight card fraud.
Instead they suggested at the April 27 session that the interchange cap mandated by the Durbin Amendment will likely leave card security efforts more muddled than before.
The panelist were almost unified on the notion that the Federal Reserve choosing and dictating card data protection technology would be a bad idea, although one panelist,
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