14 December 2017
visit www.avoka.com

EMVCo and PCI Security Standards Council team on 3-D Secure 2.0

29 September 2016  |  2970 views  |  0 Source: EMVCo and PCI Security Standards Council

Technical body EMVCo and PCI Security Standards Council have announced that they are collaborating to support the upcoming launch of 3-D Secure 2.0 (3DS 2.0).

The announcement was made at the PCI Security Standards Council Community Meeting of global cyber security experts in Las Vegas, U.S, last week (20-22 September).

3DS is a messaging protocol used by the payments industry to enable consumers to authenticate themselves with their card issuers when making online purchases through PC web browsers. Later this year, EMVCo will release EMV® 3-D Secure – Protocol and Core Functions Specification v2.0 (EMV 3DS 2.0 Specification). This specification will support the payments industry in delivering a globally interoperable and consistent consumer experience across major e-commerce channels and connected devices, including in-app purchases.

Based on this functional specification, the PCI Security Standards Council is working to provide security requirements, testing procedures, assessor training and reporting templates to address the environmental security associated with 3DS 2.0. The related documentation will be released in the first half of 2017.

“3DS 2.0 is critically important to introduce improved authentication and we are excited to be working hand-in-hand with EMVCo to secure all payment channels,” said PCI Security Standards Council Chief Technology Officer, Troy Leach. “The marketplace is changing every day, and with mobile payments projected to continue to rise, it is vitally important that the security concerns be addressed in the design of the authentication system to keep up with the evolving threats.”

Jonathan Main, current Chair of the EMVCo Board of Managers, commented: “The EMV 3DS 2.0 Specification provides a functionality ‘tool box’ to parties who wish to develop and implement 3DS 2.0 compliant products and services. This enables all solutions to be globally interoperable and promotes a unified international payments framework. Following the release of the EMV 3DS 2.0 Specification later this year, solutions will be created and their introduction into the marketplace needs to be workable and defined. We recognise that this requires a number of industry stakeholders to work together to establish a secure framework and we are delighted to be collaborating with PCI Security Standards Council to facilitate this process.” 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12249 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9571 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8196 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7405 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7297 views comments | 20 tweets | 11 linkedin

Featured job

Find your next job