{"id":4641,"date":"2013-02-27T15:38:00","date_gmt":"2013-02-27T15:38:00","guid":{"rendered":"https:\/\/evssolutions.com\/mobile-payments-new-pci-guidance\/"},"modified":"2013-02-27T15:38:00","modified_gmt":"2013-02-27T15:38:00","slug":"mobile-payments-new-pci-guidance","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/mobile-payments-new-pci-guidance\/","title":{"rendered":"Mobile Payments New PCI Guidance"},"content":{"rendered":"

The Payment Card Industry Security
\nStandards Council<\/a> has addressed new merchant guidance in regards to data
\nprotection and mobile devices that accept payments. These new mobile
\npayment<\/a> guidelines are vital to both banking institutions and card issuers
\n& acquirers that assist merchant with mobile transactions. By providing
\nmore specific recommendations, a higher level of security will become more
\nobtainable. The newest PCI guidelines
\nwill be a tool that can help increase merchant security. Bankinfo
\nSecurity<\/a> has outlined some of the considerations addressed by the PCI Council:<\/p>\n

<\/p>\n

1.)
\nRisks associated with account data entry on mobile devices, account data
\nresiding or stored on the devices and account data transmitted through mobile
\ndevices<\/p>\n

2.)
\nSteps merchants should follow to ensure the physical and transactional security
\nof mobile devices used for payment acceptance<\/p>\n

3.)
\nGuidelines for components involved in payment acceptance, such as hardware,
\nsoftware, the use of payment acceptance solutions and customer relationship
\nconsiderations<\/p>\n

As
\nmany of the experts state, mobile devices were not created with the intention
\nof being payment processor like many point-of-sale terminals were. This is one
\nof the major reasons as to why securing
\nmobile payments<\/a> is a different beast. Although the
\nprocess and risks may be very different, banking institutions should still
\ntreat mobile
\nsecurity<\/a> just as seriously as they do with
\ntheir physical security. Security should be approached with the mindset of a
\nfraudster. Because the same reasons why mobile payments are attractive to
\nmerchants, are also the reasons why they attractive to thieves; theyre simple,
\neasy to use, and easy to transport. Most of the responsibility falls on the
\nacquirers and they need to be seen as a resource to their merchants. They must
\ncommunicate with their merchants and provide them with tools or third parties
\nthat can assist with identification needs. As acquirers gain increased responsibilities,
\nthey should educate themselves on the options for mobile
\nidentity verification and authentication<\/a> available on the
\nmarket. By knowing the risks and options to prevent these risks, mobile
\npayments will become more secure as more businesses choose to implement this
\noption.<\/p>\n<\/p>\n

[Contributed
\nby EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Payment Card Industry Security Standards Council has addressed new merchant guidance in regards to data protection and mobile devices that accept payments. These new mobile payment guidelines are vital to both banking institutions and card issuers & acquirers that<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4641","post","type-post","status-publish","format-standard","hentry","category-phone-verification"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4641"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4641\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}