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Payment giants beef up security; Forging an unforgettable password; Looking for Bitcoin’s founder

Payment giants beef up security

MasterCard and Visa are teaming up on one important matter, said Larry Dignan in ZDNet.com. The two companies “have formed a working group to enhance payment security,” with a particular focus on chip and PIN technology. The credit card giants also said they hope to “prioritize the migration” to chip-based credit cards, which are already standard overseas but have been slow to catch on in the U.S. “The talk, as well as actual movement on enhancing the payment system in the U.S., was sparked by the data breach at Target that affected 110 million accounts.”

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