They are only starting to think about end to end encryption now? What about the nice touchless RFID payment systems that offer no security whatsoever because the authenticator is in the local scaning machine instead of at visa/MC servers. Never mind the fact that the RFID chip on my credit card can be remotely read from meters away with the proper equipment which is readily available.

Additionally, why are credit card numbers even being stored? And if they need to be stored, why is not some method of 1 way hash devised to store the credit card number to prevent theft of these card numbers?