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What?
The guy has no clue. As the first responded stated, IBM mainframes have had the ability to encrypt data for a long time.
The company I work for is attempting to become PCI complaint. We have to work with over 150 different companies to get data transfers to and from our systems PCI compliant, a pair of IBM mainframes.
The first companies we got to converted to PCI compliant transfers were sending/receiving data from/to mainframes. In fact most of them were already PCI compliant.
All of the distributed based companies were (and still are) saying that we have to wait. They are not ready and some of them won't be ready for a year or two.
We have one company that provides processing services for a major credit card company. They are listed as being PCI certified, but yet they receive plain text transfer from us over the Internet. They run a distributed platform and just now (after two years into this project) are ready to start working on converting to PCI compliant data transfers.