Security Council, UN officials hail signing of Cen... » A view of thousands of internally displaced people at Bangui’s airport, Central African Republic ... Defence Secretary full of praise for military pers... » SOURCE: MoD The Defence Secretary Michael Fallon has met the regular and reserve military personnel... MoD appoints UK busisness deal maker to head SSRO » The Chair of the new body that has been established to oversee all single-source procurement by the ... The Private Security and Investigation Industry in... » Preamble Security and safety are sine qua non for human existence, survival and development. Renown... Defence Secretary gives kudos to Royal Navy's prof... » The Defence Secretary has praised the Royal Navy’s professionalism after witnessing the advanced sea... Cubic awarded $4.1 million Training Order for U.S.... » SAN DIEGO, Calif.: Cubic Corporation has announced that it was awarded a new order valued at $4.1 mi... Clavister receives initial order to secure 40 re... » Clavister receives initial order to secure 40 regional offices for Brazilian federal authority, foll... KEY ROLE OF TRAINING AND DEVELOPMENT IN THE SECURI... » Education is a process of giving and receiving systematic instruction and skills especially at a sch... Varonis DatAnywhere enables ATMI employees to shar... » LONDON (UK): Varonis Systems, Inc. has announced it has enabled the employees of ATMI to use cloud-s... The Devil is in the Data - Infographic » Irish image and data auditing company PixAlert have released an infographic highlighting the signifi...

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.