Whether it’s speed, efficiency, cost-effectiveness or quality, in the thin-margin world of retailing, it’s essential to capitalize on every possible advantage to achieve and preserve profitability. In addition, businesses are at serious risk if they fail to implement rigorous security frameworks that also comply with stringent industry and regulatory standards. However, these regulations are saddling retailers with additional processes, cycles and costs that are hampering the retailer’s mission. Nowhere is this truer than with the Payment Card Industry Data Security Standard (PCI DSS, or more frequently, simply PCI).
PCI is an industry standard that defines how retailers and other participants in the payment lifecycle must securely handle branded credit cards from major card issuers, such as MasterCard, Visa, American Express, Discover and others. The objective is to increase control and limit visibility of cardholder data to reduce fraud. That’s an essential mandate for retailers – if only because consumers trust that every purchase and every transaction they make takes place on a foundation of privacy, safety and security.
The balance of this paper will provide background about LTE and some insights about how it can be utilized by M2M devices now and in the future.