PCI SSC Launches New Standards To Secure Contactless Payments

In a bid to secure the commercial off-the-shelf (COTS) payments ecosystem, the Payment Card Industry Security Standards Council (PCI SSC) has published a new standard for contactless near-field communication (NFC) payments using mobile devices. According to a MoneyControl report, the newly launched PCI Contactless Payments on COTS (CPoC) Standard and Supporting Validation Program will help merchants to use lab-tested PCI SSC’s NFC solutions to protect payment data.