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.”
PARTNER NEWS: Mastercard has announced a strategic partnership with Tappy Technologies that will see the two companies working together to let fashion brands easily add contactless payments to watches, jewellery and other accessories... More
Request for comments: Contactless payments on COTS standard — PCI Security Standards Council — “PCI SSC is developing a new standard for contactless payments on commercial off-the-shelf (COTS) devices, which is planned for publication by the end of 2019. As part of the development process, PCI SSC stakeholders are invited to review and provide feedback on the draft PCI Contactless Payments on COTS (CPoC) Standard during a 30-day request for comments (RFC) period.”
PCI SPoC and Contactless standards: What to expect in 2019 — PCI Security Standards Council — “The aim is to develop security requirements for solutions that enable a merchant’s COTS [Commercial off-the-shelf] device to accept contactless payments without the need for a dongle or other type of peripheral reader by leveraging the native NFC capabilities inherent to a COTS phone or tablet.”
Ingenico and Nexi test in Italy an innovative PIN-on-mobile solution compliant with Visa and Mastercard requirements — Ingenico — “With PIN-on-mobile, card owners manually enter their PIN on a non PCI-PTS device owned by a merchant, such as a smartphone or tablet. The transactions are considered as ‘card present’… This solution will be on a six-month trial period and the pilot project will include 1000+ secure card readers (SCR) to read EMV and contactless bank cards.”
PARTNER NEWS: Rambus has unveiled Payment Account Tokenization, a new solution that increases the security of direct credit, direct debit and person-to-person (P2P) payments services by replacing account numbers with unique tokens... More
PCI Security Standards Council updates payment device standard to support software-based PIN entry on COTS — PCI Security Standards Council — “The updated device standard supports the development of PCI software-based PIN entry on COTS (SPoC) solutions for merchants that enable EMV contact and contactless transactions with PIN entry on commercial off-the-shelf (COTS) devices, such as tablets and smartphones.”
PCI Security Standards Council publishes security requirements for software-based PIN entry on COTS devices — PCI Security Standards Council — “The PCI Software-Based Pin Entry on Cots (SPoC) standard provides requirements for developing secure solutions that enable EMV contact and contactless transactions with pin entry on the merchant’s consumer device using a secure pin entry application in combination with a Secure Card Reader for Pin (SCRP).”
The PCI Security Standards Council (PCI) has issued guidance on the “proper use” of multi-factor authentication (MFA) for preventing unauthorised access to computers and systems that process payment transactions... More
The PCI Security Standards Council has updated its card production and provisioning standard to expand protections for mobile payments... More
PARTNER NEWS: An mPOS module that provides developers with “a complete hardware and software reference demonstrator for secure near field communication enabled mobile point of sale solutions” has been developed by NXP in partnership with Creditcall and ViewAt Technology... More
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more depth... More
“The pace of innovation in the payments industry requires a new approach that ensures innovative payment methods can be tested, approved and commercialized quickly,” says Visa’s Jim McCarthy. More
The body that manages the Payment Card Industry Data Security Standard (PCI DSS) has published a fact sheet outlining how merchants can securely accept payments using smartphones and tablets... More
The US House of Representatives’ Financial Services Subcommitee on Financial Institutions and Consumer Credit has held a hearing on “The Future of Money: How Mobile Payments Could Change Financial Services”... More
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