Security News > 2022 > November > PCI SSC publishes new standard for mobile payment acceptance solutions

PCI SSC publishes new standard for mobile payment acceptance solutions
2022-11-18 04:30

The PCI Security Standards Council published a new standard designed to support the evolution of mobile payment acceptance solutions.

PCI Mobile Payments on COTS builds on the existing PCI Software-based PIN Entry on COTS and PCI Contactless Payments on COTS Standards, which individually address security requirements for solutions that enable merchants to accept cardholder PINs or contactless payments using a smartphone or other commercial off-the-shelf mobile device.

The PCI MPoC Standard aims to provide increased flexibility not only in how payments are accepted, but in how COTS-based payment acceptance solutions can be developed, deployed, and maintained.

"As the payment acceptance landscape continues to grow, merchants, vendors, and solution providers are seeking new ways to accept and process payments," said Emma Sutcliffe, SVP Standards Officer, PCI SSC. "The PCI MPoC Standard recognizes that there are different ways in which a card-based payment may be accepted in face-to face-environments through the use of commercial off-the-shelf products, such as mobile phones and tablets."

"It's hard to say what the future of payments will be, but we know that payments can't be a one-size-fits-all. There will continue to be a place for dedicated payment terminals, but increasingly there is a place for other types of solutions as well," said Andrew Jamieson, Vice President Solutions, PCI SSC. "At the Council, we want to allow for innovation, flexibility, and agility in how our standards address these new payment acceptance methods. At the same time, this innovation needs to support a sufficient level of security that allows for the confidence in these solutions that is required for their broad adoption. It is the goal of MPoC to strike this balance."

Vendors of card present payment acceptance technologies and solutions will be interested in the PCI MPoC standard as it may provide new types of solutions for them to address in their markets.


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https://www.helpnetsecurity.com/2022/11/18/pci-ssc-mobile-payment/