Payments News

On The Web

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Standards

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

“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 […]
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Standards

Deutsche Bundesbank eases banks into 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

As an E-Commerce Payment Spec Goes out for Comment, ‘Commercial Applications’ Could Emerge by Early Spring

“The specification, known as Secure Remote Commerce, has emerged from work by EMVCo, the standards body managed by six global card networks, and is aimed at both simplifying consumer checkouts online and at tightening transaction security with tokenization. After comments have been considered and perhaps implemented, EMVCo will publish the final spec, probably early in 2019, […]
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Standards

3D Secure v2

“3D Secure v2 — Our new guide covers what internet businesses need to know about the upcoming new version of 3D Secure.”
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Standards

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

“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 […]

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)

“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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Security

FIDO Alliance Specifications Now Adopted As ITU International Standards

“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).”
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Domains

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

“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

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

“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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Standards

US PAYMENTS FORUM RELEASES GUIDELINES FOR CONTACTLESS ATM TRANSACTIONS

“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.”