Safety and Security

PCI Issues New Requirements For Tap-And-Go Payments

PSCU Anticipates 3M Contactless Cards In 2020

The PCI Security Standards Council has issued a new data security standard that will allow vendors to provide merchants with tap-and-go payment solutions that have been developed and lab-tested to protect payment data.

“Providing the payments industry with standards and resources that support secure payment acceptance in new and emerging card and card-rooted payment channels is a key focus for the Council,” PCI SSC Standards Officer Emma Sutcliffe said in a press release. “The PCI CPoC Standard is the second standard released by the Council to address mobile contactless acceptance. Specifically, the PCI CPoC Standard provides security and test requirements for solutions that enable contactless payment acceptance on a merchant COTS device using an embedded NFC reader.”

“Contactless, or tap-and-go, payment adoption is on the rise globally, and merchants want affordable, flexible and safe options for contactless payment acceptance that allow them to best serve their customers. In addition to PCI Software-based PIN Entry on COTS (SPoC) Solutions that enable contactless payment acceptance with a dongle attached to the mobile COTS device, the PCI CPoC Standard and Program now provide merchants the option to use validated solutions that require no additional hardware to accept contactless transactions,” added PCI SSC Senior Vice President Troy Leach.

The new standard includes security requirements for vendors on how to protect payment data in CPoC Solutions, as well as test requirements for labs to evaluate these solutions through the supporting validation program. Validated CPoC Solutions are listed on the PCI SSC website for merchants and acquirers to review.

“Developed with the input of the global payments industry via the requests for comments (RFC) process, the CPoC Standard is a continuation of the Council’s efforts to provide merchants with secure mobile payment acceptance options they can trust to support their customers and protect the integrity and confidentiality of their payment data,” said Leach.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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