What's New in Payments

New PCI standard to let merchants accept dongle-free contactless payments on smartphones and tablets

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.”



What's New in Payments

Financial Conduct Authority sets out PSD2 requirements for UK payment service providers

FCA finalises revised Payment Services Directive (PSD2) requirements — Financial Conduct Authority — “As well as promoting innovation, PSD2 aims to improve consumer protection, make payments safer and more secure, and drive down the costs of payment services….The FCA has published the PSD2 Policy Statement which explains the changes we are making to our proposals following consultation… The FCA has published its Approach Document alongside this – this is designed to help firms navigate the payment services and e-money regulatory requirements, including those set out in HM Treasury regulations.”





NFC World

UL offers GSMA NFC testing

UL is now able to test NFC functionality for mobile network operators and handset manufacturers in accordance with the GSMA’s newly developed GSMA Handset Test Book (PDF)... More