PCI Security Standards Council publishes new standard for contactless payments — PCI Security Standards Council — “The primary elements of a CPoC solution include: a Cots [commercial off-the-shelf] device with an embedded NFC interface to read the payment card or payment device; a validated payment acceptance software application that runs on the merchant Cots device initiating a contactless transaction; and back-end systems that are independent from the Cots device and support monitoring, integrity checks and payment processing.”
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot