ABA Wants Team-Up To Tackle Security Issues With Retailers

From: PYMNTS.com

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The incoming chairman of the American Bankers Association says one of his top priorities will be working with retailers to secure the payments system, American Banker reported.

John Ikard, who will begin a one-year term as ABA chair at the lobbying group’s annual meeting this week in Dallas, told the newspaper, “I’d like to see more cooperation between the bankers and retailers on cybersecurity issues. Rather than have a negative and antagonistic relationship, I think we need to sit down and come up with a secure platform to process these transactions.”

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