E2E Encryption Reduces Probability, Not Eliminates Liability standard

Ahh, back to thinking about Prague. I can almost taste the goulash! End to End Encryption (E2EE) is widely discussed, but its effects are largely misunderstood by merchants looking for relief from the burdens of complying with PCI or government rules and regulations. Merchants have approached me asking if implementing E2EE will eliminate their liability and PCI responsibility. This exact question was asked in Prague during the Q&A session. The first issue here is E2EE is not likely a reality we will see anytime soon. Remember the ends we are dealing with here. End the first is the device reading the payment instrument, and the other end is the issuing bank (or issuing processor) that ultimately approves the transaction. All ...
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