http://www.digitaljournal.com/business/business/mastercard-visa-form-cross-industry-group-for-payment-security/article/375000

Mastercard, Visa form cross-industry group for payment security

Posted Mar 7, 2014 by Reuters
Credit card companies MasterCard Inc <MA.N> and Visa Inc <V.N> said they had formed a new cross-industry group to enhance payment system security across networks.
MasterCard and VISA credit cards are seen in this illustrative photo
MasterCard and VISA credit cards are seen in this illustrative photo
Bobby Yip / Reuters,

(Reuters) - Credit card companies MasterCard Inc <MA.N> and Visa Inc <V.N> said they had formed a new cross-industry group to enhance payment system security across networks.

The new group, which will include representatives from the retailing, financial and equipment manufacturing industries, will initially focus on the adoption of EMV chip technology in the United States, MasterCard said.

(Reporting by Aman Shah in Bangalore; Editing by Kirti Pandey)