The National Retail Federation (NRF), world’s largest retail trade association’s President and CEO Matthew Shay issued a statement regarding data and payment security stating that the federation applauds the administration for taking positive steps by adopting PIN and chip technology for Government-issued debit and credit cards. This will help avoid data breaching activities. Shay added, “From insisting on PIN and chip cards to facilitating greater information sharing among retailers and others sectors, we are committed to find the right answers with the l atest technologies to stop these cyber thieves.”
