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PCI Security Standards Council

Welcome to the News View for "PCI Security Standards Council".

Here, on these archive pages, you'll find all of the articles on Payments News for PCI Security Standards Council listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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June 12, 2014

Headline News from PaymentsNews.com - June 12, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 12, 2014

Headline News from PaymentsNews.com - May 12, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 01, 2014

Headline News from PaymentsNews.com - May 1, 2014

On the Web:

  • Merchants and Billers: Leverage = Options x Time! - PaymentsViews.com (Jay DeWitt) - "The solution to these situations simple: figure out when your acquirer contract expires, and get it on your planning calendar so you’re teed up to begin negotiations 6-12 months before contract term."
  • In Bitcoin Debate, Larry Summers Sides with the History of Change - Wall St. Journal Moneybeat - "To Mr. Summers, the potential contained in bitcoin’s breakthrough technology, with its fast, low-cost system for confirming transactions, is demonstrated by problems with the current multi-layered system for domestic and global fund transfers."
  • Payment Innovation Is Not Enough For Retail - TechCrunch (Dax Desilva) - "Commerce is all about bringing the right product to the right shopper at the right time, but the payment only addresses the close. To differentiate, merchants need to focus on innovating everything else that happens long before we reach the register..."
  • The death of cash? Debit card use surges - Telegraph (UK) - "Plastic and automated payments are now the most popular method of payment by both volume and size of transactions, according to current account data published by Halifax."
  • HCE vs. BLE: Which has the bigger in-store potential? - Mobile Commerce Daily - "While both NFC and BLE are likely to bring some important innovations to the in-store experience, they also have their limitations."
  • EMV is Not a Panacea for Transaction Security - Verifone Blog (Jeff Wakefield) - "Yes, EMV is more secure than mag-stripe technology, and when fully rolled out it will do a good job of reducing card fraud. But until mag-stripes are eliminated from cards; mag-stripe readers are no longer in use, and until merchants completely eliminate usable data from their environments, EMV will remain a “better option,” but it won’t prevent the theft of cardholder entirely."
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever - Wired - "On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly..."

On the Wires:

  • Chase Launches Marriott Rewards Premier Visa Signature Business Credit Card for Small Business Owners On the Go - "Chase Card Services and Marriott Rewards® today announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder."
  • MasterCard Incorporated Reports First-Quarter 2014 Financial Results - "The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period."
  • Worldpay announces strategic acquisition of Cobre Bem Tecnologia - "Worldpay Group today announced that it has acquired Cobre Bem Tecnologia, a leading provider of payment solutions in Latin America, for an undisclosed amount. With this transaction, Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico."
  • Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company -- Gimbal, Inc. - "The QRS team has made tremendous progress with the Gimbal technology platform and I am excited to continue leading this group as CEO of Gimbal, Inc.," said Rocco Fabiano, current president of QRS. "I am eager to continue working with this team under a new corporate structure that will permit the business to respond quickly to this rapidly evolving ecosystem."
  • Wells Fargo Commercial Cards Are Europe-Bound - "In a related announcement, Wells Fargo said all new USD WellsOne® Commercial Cards will be embedded with microprocessor chips defined by E.M.V. (Europay, MasterCard, and Visa) standards. In addition, Wells Fargo has begun migrating all of its existing cardholders over in advance of the October 2015 deadline in the United States."
  • Wells Fargo Launches Wells Fargo Works for Small BusinessSM - "Wells Fargo Works for Small Business provides wide-ranging support for business owners throughout the U.S. to help them build knowledge, access capital and expand their community of support. Wells Fargo Works for Small Business encompasses the company’s commitment to helping small businesses grow."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 24, 2014

Headline News from PaymentsNews.com - March 24, 2014

On the Web:

On the Wires:

  • Milestone moment for V.me by Visa as fifteen leading European payment service providers join forces to promote the service to retailers - "Visa Europe has today announced new partnerships with fifteen European Internet Payment Service Providers (IPSPs), giving the V.me by Visa digital wallet service access to their extensive e-commerce merchant portfolios, and supporting the continued growth and availability of the multi-market wallet service."
  • Nordea to divest all its shares in Nets Holding A/S - "As the payments industry is becoming increasingly complex and international, Nets needs a strong experienced owner with a clear strategic vision to take the Company to the next level of its development. Nordea believes its divestment and the new owner will be beneficial for the Company and the customers of Nets."
  • Statement on Credit Card Processing Issue - California Department of Motor Vehicles - "There is no evidence at this time of a direct breach of the DMV’s computer system. However, out of an abundance of caution and in the interest of protecting the sensitive information of California drivers, the DMV has opened an investigation into any potential security breach in conjunction with state and federal law enforcement."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 18, 2014

Headline News from PaymentsNews.com - March 18, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 04, 2014

Headline News from PaymentsNews.com - March 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 03, 2014

Headline News from PaymentsNews.com - February 3, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 12, 2013

Headline News from PaymentsNews.com - November 12, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

November 07, 2013

Headline News from PaymentsNews.com - November 7, 2013

On the web:

  • Bitcoin: A Primer - Federal Reserve Bank of Chicago - "Bitcoin is a digital currency that was launched in 2009, and it has attracted much attention recently. This article reviews the mechanics of the currency and offers some thoughts on its characteristics."
  • Bitcoin isn’t so broken after all - Freedom to Tinker (Ed Felten) - "In short, a coalition of ES-miners cannot form and will not survive."
  • Square Exploring 2014 IPO With Banks - WSJ Digits - "Technology entrepreneur Jack Dorsey is trying to pull off two high-profile initial public offerings in the span of one year."
  • Minting Cash: how Square designed a product with no design at all - The Verge - "One of Dorsey’s most critical directives during the process was that users shouldn’t have to come up with new usernames and passwords, because in real life, you don’t need a password to hand some money to a friend."
  • Does anyone care about Square? - Financial Services Club Blog - "We will soon live in a world without payments. As retailers integrate more of the financial transaction into their trade processes, the more we live in a world where payments become increasingly irrelevant."
  • Is Bitcoin Broken? - Bitcoin Foundation - "...I believe the paper’s assertion of a fundamental flaw is based on some over-simplified assumptions about how the bitcoin mining market works."
  • The Bitcoin Bubble - TechCrunch - "Bitcoin can have ‘value’ based not on any sort of government backing or the like, but it can provide short-term utility to all holders if it has use."
  • Bitcoin Climbs to Record on Wider Acceptance, China Trade - "If James Bond, Sergey Brin and Paul Volcker all got together and designed their ideal currency, it might look a lot like Bitcoin..."
  • Jumio unveils faster and smarter Netswipe 2.0, cements its standing as the most secure mobile payment verification option - PandoDaily - "Today Jumio announced version 2.0 of its Netswipe platform, making payment card scanning significantly faster and adding the ability to read not only credit card numbers and expiration date, but also, for the first time, the cardholder’s name."
  • BTCJam: P2P Lending via Bitcoin - NetBanker - "Case in point: BTCJam , a global P2P lending outfit with founders in Brazil and San Francisco, that lends in Bitcoins."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Jacqueline Chilton will be speaking social media and payments at the W.net Northern California LINC Networking event being held November 14 at Google.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

October 17, 2013

Headline News from PaymentsNews.com - October 17, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our Glenbrook Payments Boot Camp on October 23rd/24th in New York City!
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer". Elizabeth will also be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 15, 2013

Headline News from PaymentsNews.com - August 15, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

February 18, 2013

PCI Security Standards Council Releases Mobile POS Guidance For Merchants

PCI Council logo 140pxThe PCI Security Standards Council (PCI SSC) announced that it has published the PCI Mobile Payment Acceptance Security Guidelines for Merchants as End-Users.

"When considering mobile payment acceptance, merchants need to go in with their eyes open. And that’s what the intent of this guidance is, to help merchants understand the risks so that together with developers and device vendors they can safely implement a solution that will enable mobile commerce to flourish."

The guidance goes hand-in-hand with recommendations the Council published in September 2012 for mobile app developers and device vendors on designing appropriate security controls that provide secure mobile payment acceptance solutions for merchants.

February 07, 2013

May 17, 2012

September 15, 2011

August 29, 2011

PCI Security Standards Council Releases Updated Wireless Guidelines

PCI Council logo 140pxThe PCI Security Standards Council has announced an update to the PCI DSS Wireless Guidelines Information Supplement, providing organizations with the current PCI DSS considerations for implementing wireless technology securely in payments environments. The supplement adds guidance specific to Bluetooth technologies and rogue wireless access points.

August 15, 2011

PCI Security Standards Council Releases PCI-DSS Tokenization Guidelines

PCI Council logo 140pxThe PCI Security Standards Council (PCI SSC)has announced availability of their PCI DSS Tokenization Guidelines Information Supplement, "the latest in a series of SSC guidance documents aimed at providing the market with greater clarity on how specific technologies relate to the PCI Security Standards and impact PCI DSS compliance."

June 27, 2011

PCI Security Standards Council Updates Market On Mobile Position

PCI Council logo 140pxThe PCI Security Standards Council (PCI SSC) has announced (PDF) clarity around what type of payment applications are eligible for PA-DSS validation and listing.

The PA-DSS program provides standards for developing software applications that store, process or transmit cardholder data. Not all applications involved in payments transactions are eligible for PA-DSS validation, however. To streamline the understanding and process of identifying payment applications that fall under the PA- DSS program, the Council has released the Which Applications are Eligible for PA-DSS Validation? A Guiding Checklist. (PDF)
The resource accompanies an updated statement (PDF) from the Council on PA-DSS and mobile payment acceptance applications .

June 15, 2011

PCI Security Standards Council Publishes PCI DSS Virtualization Guidelines

PCI Council logo 140pxThe PCI Security Standards Council (PCI SSC) has announced (PDF) the findings of the Council's Virtualization Special Interest Group. "The PCI DSS Virtualization Guidelines Information Supplement provides guidance to those in the payment chain on the use of virtualization technology in cardholder data environments in accordance with PCI DSS."

December 16, 2010

October 28, 2010

PCI Security Standards Council Releases Version 2.0 of the Security Standard

PCI_Council_logo_140px.pngThe PCI Security Standards Council (PCI SSC) has announced version 2.0 of the PCI-DSS and PA-DSS standards. Reflecting input from the Council’s global stakeholders, this latest version does not introduce any new major requirements, but does modify language of the standard in order to clarify the meaning of the requirements and make understanding and adoption easier for merchants.

October 06, 2010

PCI Security Council Releases Guidance on EMV and E2E Encryption

PCI_Council_logo_140px.pngThe PCI Security Standards Council (PCI SSC) has announced the availability of separate guidance papers on the use of end-to-end (E2E) encryption and EMV technologies in a payment card data environment. The documents are intended to provide the market with greater clarity on how these two specific technologies relate to the PCI Security Standards and impact PCI DSS compliance.

August 24, 2010

Visa Provides Guidance on Secure Payment Applications

visa_logo-140px.jpgVisa recently announced global industry best practices for payment application vendors, integrators and resellers that implement, install or manage payment-related systems on behalf of merchants. The best practices developed by Visa in collaboration with the SANS Institute are designed to complement the Payment Card Industry (PCI) Payment Application Data Security Standard (PA-DSS).

January 08, 2010

Ingenico Introduces End-to-End Security Solutions for Merchants

Ingenico has announced a "comprehensive strategy to provide secure end-to-end solutions to assist merchants in complying with the PCI Data Security Standards." Ingenico says its strategy addresses the entire payment transaction process including: data in flight, data at rest, and architecture. READ MORE »

Heartland Announces Settlement with Visa Issuers for Data Breach Claims

Heartland Payment Systems and Visa have announced "a settlement agreement under which issuers of Visa-branded credit and debit cards will have an opportunity to obtain a recovery from Heartland with respect to losses they may have incurred from the 2008 criminal breach of Heartland's payment system environment. Heartland will pay up to $60 million to fund the settlement program, which is subject to certain conditions, including a specified level of participation by U.S. Visa issuers. Visa will present details of the settlement to eligible issuers in the coming days." READ MORE »

June 09, 2009

NACS, Merchant Groups Ask PCI Council to Lead Collaborative Effort

The Payment Card Industry (PCI) Security Standards Council must take the lead in developing a collaborative approach with merchants in defining more open standards for future PCI Data Security Standard (DSS) requirements, stressed NACS (the National Association of Convenience Stores) and several other trade associations in a June 8 letter to the Council. READ MORE »

April 22, 2009

Hypercom, Ingenico, VeriFone Launch SPVA Payment Security Alliance

Hypercom, Ingenico, and VeriFone have announced the formation of the Secure POS Vendor Alliance - SPVA, a non-profit business organization chartered with implementing common payment security standards among vendors of secure point-of-sale (POS) devices used by retailers, acquirers and cardholders alike. READ MORE »

March 31, 2009

Do the Payment Card Industry Data Standards Reduce Cybercrime?

The US House of Representatives Subcommittee on Emerging Threats, Cybersecurity and Science and Technology is holding a hearing today on the subject: "Do the Payment Card Industry Data Standards Reduce Cybercrime?". Witnesses include representatives from the US Department of Justice, the Payment Card Industry Data Security Standards Council, Visa Inc., Michaels Stores, and the National Retail Federation. A webcast is available.

January 27, 2009

Heartland Says It Accelerates Development of End-to-End Encryption

Heartland Payment Systems has announced that "it has formed an internal department dedicated exclusively to the development of end-to-end encryption to protect merchant and consumer data used in financial transactions. For the past year, Robert O. Carr, Heartland's chairman and chief executive officer, has been advocating for payments industry adoption of this technology - which will protect data at rest as well as data in motion - as an improvement for payment transaction security." READ MORE »

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