On The Web

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Standards

EMVCo releases QR Payment Mark

May 21 2018

“EMVCo has developed a QR Payment Mark that can be used by merchants to indicate that they accept mobile payments which conform to the standards body’s QR Code payment specifications. The goal is to “help promote worldwide acceptance and interoperability,” EMVCo says. The move follows the organization’s introduction last year of a set of QR code specifications that […]

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Standards

Counterfeit Fraud Declines Sharply In US Since Shift To Chip Cards: Visa

May 24 2018

• in
• EMV cards

“Visa has published a new infographic that revealed a 76% decline in counterfeit fraud from December 2015 to December 2017 due to increased EMV chip cards and chip-enabled merchants in the US. The company noted that it registered growth across the number of chip cards and chip-enabled merchants, payment and transaction volume even during the […]

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Companies

ADYEN LAUNCHES FIRST-TO-MARKET 3D SECURE 2.0 SOLUTION TO HELP CUSTOMERS BOOST SECURITY AND AUTHORISATION RATES

August 30 2018

• in
• 3-D Secure
• Adyen

“Adyen, the payments platform of choice for many of the world’s leading companies, today launched a fully-certified 3D Secure (3DS) 2.0 solution which it has made available to its customers or merchants needing a next-generation authentication solution. The first-to-market solution is based on EMVCo’s 3DS protocols and will help merchants reduce risk and protect their customers […]

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Standards

ISO 20022: standard built for FSI disruption

August 30 2018

• in
• ISO 20022

“There are currently over two hundred ISO 20022 standards adoption initiatives in the global financial services industry, and over half of these are operating in a live capacity. Asia is no exception with more than twenty cases of ISO 20022-based financial market infrastructures in production mode. These include stock exchanges and central securities depositories (CSDs) in […]

On The Wires

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Security

Patientco Launches Cloud-Based Validated P2PE Payment Terminals With Seamless EPIC Credit Card Device Framework Integration

May 24 2018

• in
• P2PE Validation

“Patientco, the leading healthcare payments technology company that helps health systems deliver a superior patient financial experience and increase patient revenue, announced today it has developed and deployed the market’s first cloud-based validated point-to-point encrypted (vP2PE) EMV terminals with advanced seamless integration into EPIC’s EHR technology. Working with EPIC and South Georgia Medical Center (SGMC) […]

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Security

ASC X9 Publishes New Standard for Preserving Formatting in Symmetric Key Cryptography, X9.124-2

May 8 2018

“The X9.124 standard defines a collection of format-preserving encryption methods for financial services. Format-preserving encryption (FPE) is useful in situations where fixed-format data, such as primary account numbers or Social Security numbers, must be encrypted, but there is a requirement to limit changes to existing communication protocols, database schemata or application code.”

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Standards

EMVCo Launches EMV® 3-D Secure Test Platform

August 14 2018

• in
• 3-D Secure

“EMVCo today announces the availability of the full EMV® 3-D Secure (EMV 3DS) Test Platform, which enables the functional testing of EMV 3DS solutions. 3DS product providers can now confirm whether their solutions will perform in accordance with the EMV® 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV® 3-D Secure – SDK Specification, and […]

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Standards

PCI SECURITY STANDARDS COUNCIL UPDATES PIN SECURITY STANDARD

August 17 2018

• in
• PCI SSC

“Today the PCI Security Standards Council (PCI SSC) published PCI PIN Security Requirements and Testing Procedures version 3.0, the PCI Security Standard for the secure management, processing and transmission of PIN data at ATMs and attended and unattended point-of-sale (POS) terminals. PCI SSC is also developing a program to train and qualify security assessors to support implementation of the […]

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Standards

ASC X9 Releases New Standard for Securing and Managing Mobile Commerce

September 11 2018

• in
• ASC X9

“From a security perspective, mobile commerce has all the vulnerabilities of the internet and wireless environments combined; from a business perspective it encompasses three disparate industries: financial services, mobile telecommunications, and mobile platforms manufacturing. The new X9.112-3 standard guides all these parties toward safer and more efficient implementations of mobile commerce. As mobile devices and […]

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Security

Gilbarco Veeder-Root Announces Exclusive EMV Dispenser Program For Chevron And Texaco Marketers And Retailers

June 18 2018

• in
• EMV cards

“With EMV hardware becoming rapidly utilized at dispensers and the release of software to initiate chip payments beginning, Chevron worked with Gilbarco Veeder-Root to offer this limited-time program to help retailers protect their customers and sites from fraudulent events. This program is also an opportunity for retailers to work directly with their local Gilbarco Veeder-Root […]