The new name reflects an expanding standards program that will continue to incorporate other parts of the PIN (Personal Identification Number) based payment chain beyond PED and other physical devices. The new name more accurately reflects the greater variety of device and non device types that play a role in PIN transaction security. For the sake of continuity this site will continue to refer to PED until the new PTS term has been properly socialized.
Why now for this change from PED (PIN Entry Device) to PTS (PIN Transaction Security)?
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