If you don’t know by now (and I hope you do), the Payment Card Industry Security Standards Council (PCI SSC), updated its Data Security Standards (DSS) to version 3.0 earlier this year in January.
To release some minor adjustments and clarifications, they have now issued a follow up version 3.1. The biggest thing that will affect all merchants in this standard update is that Secure Socket Layer (SSL) can no longer be used as a security control after June 30, 2016.
For the past few years, Mobile Network Operators (MNOs) such as Vodafone and Verizon have been working hard to take a slice of the global commerce pie by advocating the secure SIMs in our phones as the centre of payments. But with U.S. operators throwing in the towel with the sale of Softcard to Google and companies like judo providing secure hardware-free payments, the MNOs are beginning to recognise that their monetisation ticket may lie in their massive number of customer relationships coupled with global, open communication standards and coordination via the GSMA.
This week I’m in beautiful Barcelona for GSMA’s Mobile World Congress 2015. The conference gathers the mobile industry’s brightest visionaries and innovators to explore the upcoming trends that will shape the industry in the future.
So here’s a short round up of what I saw at the conference during day 1:
Early adopters of Judo’s mobile-first payments platform include fast food restaurant chain KFC and coffee shop Harris + Hoole
Judo Payments (“Judo”, www.judopay.com), Europe’s only mobile-first payments platform, today announces it has successfully closed an additional £6M in funding to drive growth in the rapidly expanding mobile commerce sector. The first institutional funding round was led by financial technology venture capital firm Route 66 Ventures.
Today marks the release of our revamped website and an overhaul to attend to the needs to our ever growing customer base. We’ve been busy making sure we are able to communicate what we do in a clear, succinct way. We are different to any other payments provider, here’s how:
With so many different card payment solutions available out there, it can get pretty overwhelming trying to pick one that fits for your business best. Here are 7 things to consider when you shop for a card payment provider:
If you had purchased an item or service online before, then you would most likely have encountered 3D Secure during the payment process. But do you know how 3D Secure affects your business’ conversion rate?
If you are an avid follower of our hub, then you would know by now what PCI is (if not, you can watch the video here). Staying PCI compliant should be an on-going effort, instead of being put in the back of your business. When it comes to payment security, preventive measures are always preferable.
Last week, we saw LifeLock pulled its mobile wallet app from all app stores due to PCI compliance concerns. Security scare can easily break trust in a brand, but with some effort, such nightmare can be prevented. Here are 8 common PCI compliance mistakes and how you can avoid them. Because defence is the best offence when it comes to payment security.