Payments News

On The Web

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Standards

Payment Card Security Remains Lax, Says Verizon Business Report

“Payment security is getting weaker as 27.9% of global organizations were in full compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to Verizon. The Verizon Business 2020 Payment Security Report highlights that PCI DSS compliance is down 27.5% from 2016. Full PCI DSS compliance meets 12 requirements.”
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Standards

As a Deadline Nears, TNS Offers Deferred Payments for Installing EMV at the Pump

“With gas stations and convenience stores feeling the economic pinch from the slowdown in sales caused by the Covid-19 pandemic and uncertainty over the economy, Transaction Network Services Inc. announced a new pricing structure to help cut station owners’ telecom-network installation costs for EMV at the pump. Transaction Networks Services (TNS) will defer monthly payments at […]

On The Wires

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Standards

ASC X9 Launches ISO 20022 Best Practices Forum

“The Accredited Standards Committee X9 Inc. ( X9 ) announced the formation of the U.S. ISO 20022 Market Practice Industry Forum, which will work to research and document best practice recommendations in order to catalyze ISO 20022 usage in the United States. ISO 20022 is a multi-part international standard that defines a common platform for […]
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Standards

Financial Data Exchange Adds 33 New Members

“The Financial Data Exchange (FDX) welcomed 33 new members in the past 4 months, bringing the total membership to 168 organizations. The group is collectively working to transition the financial services ecosystem to a modern, transparent, and secure API-based financial data sharing approach. Since its launch in 2018 with 21 founding members, FDX experienced an […]
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Standards

Volante Extends Collaboration With Citi for Global ISO 20022 Migration

“Volante Technologies , the global leader in cloud payments and financial messaging, and Citi Treasury and Trade Solutions (Citi) are deepening their longstanding relationship to accelerate the bank’s adoption of the ISO 20022 financial messaging standard across its global payments operations. As a result of this collaboration, Citi will be the first Volante customer to offer […]
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Standards

ASC X9 Issues First Blockchain Terminology Standard

“Today the Accredited Standards Committee X9 Inc. ( X9 ) announced the publication of X9.138 — Distributed Ledger Technologies Terminology, a much-needed standardized glossary of the most important common terms and definitions used with distributed ledger technology (DLT). The highest-profile example of DLT is bitcoin. The new standard is available for download at no charge.”
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Standards

PCI Pal® Announces Strategic Alliance with Stripe to Rapidly Deploy Payment Security Deployments

“PCI Pal ®, the global provider of cloud-based secure payment solutions, has today announced an alliance with the global payment services provider, Stripe. For organizations already using Stripe’s range of payment infrastructure services for web-based businesses, they can now quickly deploy PCI Pal’s security solutions to ensure payment collections are handled in accordance with the […]
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Standards

Financial Data Exchange Adds 39 New Members with Expanding International Footprint

“The Financial Data Exchange (FDX) has welcomed 39 new members since April 1, 2020, bringing the total membership to over 140 organizations that are working to collectively transition the financial services ecosystem to a modern, transparent and secure API-based data sharing approach.Since its launch in October 2018 with 21 founding members, FDX has seen an […]