The European Central Bank (ECB) has approved a guide for payments security assessments being conducted within in the eurozone.
The guide helps those planning to tighten point-of-sale security, shore up authentication technologies and provide additional security measures for stored consumer data, according to a Feb. 3 statement. The ECB approved a series of new regulations in January and set a February 2015 compliance deadline.
“The guide will support governance authorities of payment schemes, as well as Internet payment-service providers, in implementing the recommendations by 1 February 2015,” the ECB said.
The guide also gets into the nuts and bolts of payments security, outlining recommendations for transaction processing and authentication.
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