Verizon Releases Report On Consumer Data

It's not clear if a detailed report from Verizon Business that finds debit-card transactions less secure will hurt or help Google's strategy to convince consumers about the safety of mobile ecommerce this holiday season. Google recently released Google Wallet. The application relies on near field communication, a short radio wave technology that many have questioned as being safe to conduct mobile transactions.

For debit-card transactions, the bad news came from Verizon in a detailed report warning consumers that 79% of banks, retailers, hotels, restaurants and their payment processing centers aren't doing enough to protect consumer data.

The Verizon Payment Card Industry (PCI) Compliance Report explains that most businesses accepting credit and debit cards don't maintain compliance with the standards developed by the PCI Security Council, a group consisting of American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa.

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