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Tuesday, July 18, 2017 7:26:09 AM
IBM had a heads up in early 2016, may be under NDA working together for this https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133066861 which is speculation ofc, but fact that they are infringer, has no doubt. We will know soon though.
The above news goes well with First Data Corp update & PCI Compliance Data Encryption requirements http://jmp.sh/jmoS3RJ & European Union's General Data Protection Regulation (GDPR) @ https://www.ropesgray.com/practices/General-Data-Protection-Regulation.aspx https://www.ropesgray.com/newsroom/news/2016/11/Complying-with-the-General-Data-Protection-Regulation-GDPR-in-Europe.aspx , more details @ https://www.ropesgray.com/practices/privacy-and-data-security.aspx and the U.S.'s Federal Financial Institutions Examination Council (FFIEC) guidance on the use of encryption in the financial services industry.
>>IBM's new mainframe system, called IBM Z, is capable of running more than 12 billion encrypted transactions per day
>>It seeks to address cyberattacks which have compromised financial data, and help firms automate financial regulatory compliance, in line with data protection laws
>>IBM's transaction engine supports 87 percent of all credit card transactions, totaling nearly $8 trillion worth of payments each year
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