The Banking Industry Technology Secretariat has firmed up plans for its security laboratory, setting an opening date of July 28 in Reston, Va.

The lab, a joint undertaking with major technology companies, has been an often-stated priority of the organization known as BITS. A division of the Financial Services Roundtable, BITS advises top executives on technological and payment-infrastructure issues, and has been devoting much of its time of late to the hot buttons of security and privacy.

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