Options upgrades low latency route between Cartere... » New York: Options has announced that it has upgraded the route between the firm’s data center facili... Cloud World Forum examines security, privacy and r... » London: As the adoption of cloud computing continues to grow across the world, security, privacy and... U.S. Air Force selects Cubic for Moroccan P5 Air C... » Cubic Defense Systems, a subsidiary of Cubic Corporation has been awarded a contract valued at more ... Tokenless two-factor authentication defies “Heartb... » London: The existence of Heartbleed, a vulnerability in the OpenSSL open source software, was recent... Advanced application security now standard on Barr... » Basingstoke:  Barracuda Networks, Inc. has announced that it will offer advanced application securit... Check Point provides multiple protections against ... » Check Point has announced that its network security products offer multiple protections against the ... Tyco UAE and CNL Software partner for major UAE pr... » CNL Software has partnered for an iconic security management project with Tyco Fire & Security UAE, ... Cubic unveils new corporate branding » SAN DIEGO, Calif.: Cubic Corporation has introduced its new corporate brand identity. The name Cubic... Taxware acquires VAT Resource...enhances value add... » Wilmington, MA.: axware, a global provider of sales, use and value added tax (VAT) compliance softwa... Courion expands international footprint with two n... » London, UK: Courion has announced two new hires in the UK and the Middle East to help boost its stra...

CLICK HERE TO

Advertise with Vigilance

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Information Security Header

Munich: EMV2.0, accelerating retail payment and bringing the US on board were some of the issues Smart Payment Association President, Andreas Strobel, addressed at CARTES 2012 on 8th November.

 

Focusing on the elements EMV2.0 needs to be successful as payment moves online and increasingly mobile, Strobel outlined the SPA’s vision for the standard. He called for greater industry collaboration, and highlight the technology issues and challenges that could make or break the market.

Andreas Strobel, President, SPA said: “We’re at a turning point. Consumers are demanding new ways to pay, and the vendors are responding. But without truly interoperable solutions we risk creating a fragmented market of competing technologies and business models. This will benefit no one – consumers, retailers or financial institutions.

We need to come together as an industry to drive the adoption of globally consistent payment standards that address all the technical, regulatory, security and user experience challenges we are likely to face over the coming decade. If we don’t, we’ll keep seeing false dawns, and will fail to realise the potential of truly smart payment ”

In support of CARTES activity, the SPA is announcing the availability of two whitepapers offering critical insights into the future of the payment industry.

1. PIN by SMS **NEW**

The banking industry is loosing millions of Euros through outdated and unsecure postal PIN distribution. The paper highlights the opportunities of secure PIN by SMS technology, models financial scenarios and offers best practice advice for card and PIN issuers across the banking sector.

2. Business Continuity Management in the Payment Card Industry

New analysis highlights a single failure in the cards insurance process could cost banks in excess of $9 million. The paper quantifies loss potential and offers detailed guidance into establishing a fully compliant Business Continuity Management strategy for financial institutions.