On The Web

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Standards

Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce

October 30 2018

• in
• Secure Remote Commerce (SRC)

“Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year to $385 billion and profits jumped […]

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Standards

NFC Forum unveils technical specification that lets IoT devices use a single antenna for both NFC and wireless charging

January 18 2019

“The NFC Forum has released a new candidate technical specification that is designed to enable a single antenna in an IoT device to be used to manage both NFC communications and wireless charging.”

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Standards

Deutsche Bundesbank eases banks into ISO 20022

January 15 2019

• in
• ISO 20022

“Deutsche Bundesbank, the German central bank, is using Swift MyStandards and Readiness Portal to support the European banking community migrate payment flows to the ISO 20022 standard. The central bank will use the platform to ensure a smooth transition for community members. Deutsche Bundesbank is a member of the four central bank service providers for the Target services. The Readiness Portal […]

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Standards

The PCI Council Unveils Its New Software Security Standards

January 16 2019

• in
• PCI SSC

“The new set of requirements actually has two major components—The PCI Secure Software Standard and the PCI Secure Lifecycle Standard—and is under the umbrella of what the Wakefield, Mass.-based PCI Council calls its new Software Security Framework. The Council has been working on updating software security for more than a year, and indicated last month […]

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Standards

The PCI Council Publishes Updated Guidance for Securing Telephone-Based Payments

November 29 2018

“The guidance does not add to or supersede any current requirements in the Payment Card Industry data-security standard, the PCI Council’s main set of rules for merchants, processors, and other entities that handle general-purpose credit and debit card data. It was developed by one of the council’s so-called special interest groups, which consist of representatives […]

On The Wires

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Standards

ASC X9 Launches New Security Study Groups on Public Key Infrastructure (PKI) and Transport Layer Security (TLS)

October 24 2018

• in
• ASC X9

“The Accredited Standards Committee X9 Inc. (X9) has formed new study groups that aim to improve security and safeguard privacy for the financial services industry in two related areas: one will look into issues regarding Public Key Infrastructure (PKI) Certificate Authorities and the other will research concerns related to use of the Transport Layer Security […]

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Standards

Public consultation – SEPA Cards Standardisation Volume v8.5 and Tokenisation Considerations for SEPA Card Payments

December 26 2018

“The European Cards Stakeholders Group (ECSG), the industry association in charge of cards standardisation in the Single Euro Payments Area (SEPA), is today releasing version 8.5 of the SEPA Cards Standardisation Volume (the Volume) for a three-month public consultation. The Volume is considered a key document for the cards industry, with a goal of achieving […]

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Domains

Equinox Payments and ACCEO Tender Retail Deliver PCI 5.x-certified P2PE-ready Solutions on First Data Platform

January 14 2019

• in
• PCI SSC

“Equinox Payments (“Equinox”), a leading provider of payment terminals, software and services, and ACCEO Tender Retail today announced that the Equinox Luxe 8500i and Luxe 6200m payment terminals have achieved EMV end-to-end certification on First Data’s processing platform and are expected to be submitted to the PCI Security Standards Council in February for validation. The solution leverages the First Data payments […]

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Standards

US PAYMENTS FORUM RELEASES GUIDELINES FOR CONTACTLESS ATM TRANSACTIONS

December 19 2018

“With more than 85 percent of U.S. ATMs now accepting EMV contact chip cards[1], many ATM owners are looking to make transactions easier and faster by adding contactless EMV chip capabilities. The U.S. Payments Forum today released a new white paper for ATM owners and operators that provides guidance on accepting contactless chip transactions at the ATM.”

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Security

FIDO Alliance Specifications Now Adopted As ITU International Standards

December 18 2018

• in
• Authentication

“The FIDO Alliance, the industry consortium developing open, interoperable authentication standards, announced today that two of its specifications are now recognized as international standards by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes FIDO UAF 1.11 and CTAP2 as official ITU standards (ITU-T Recommendations) for the global infrastructure of information and communication technologies (ICT).”