MAG Insights

Announcements from the MAG & Featured Articles

Letter From the CEO

By Mark Horwedel

The MAG responded to news of recent breaches involving payment card data in a public release dated January 13, 2014.  The MAG felt compelled to respond in light of what we felt were biased or uniformed reports by many in the media to the effect that merchants were primarily to blame for the breaches. In our release, we attempted to point to the fraud-prone nature of today’s payment cards as the core issue needing to be addressed. We continue to believe the payment card industry needs to move away from mag-stripe and signature in order to best protect against fraud and that merchants are just as much victims of the present system as the customers we all wish to protect.

Click here to view this Press Release.