Tag Archives: Payment Technology

Overlap Between the GDPR and PSD2

By Bruce Bennett, Carlo Kostka, Charlotte Hill, Craig Pollack, Dan Cooper, Gemma Nash, Kristof Van Quathem, Mark Young, and Sophie Bertin The EU Payment Services Directive (PSD2), which took effect on January 13, 2018, puts an obligation on banks to give Third Party Providers (TPPs) access to a customer’s payment account data, provided the customer expressly … Continue Reading

PCI Council Releases PCI-DSS Cloud Computing Guidelines

On February 7, 2013, the Payment Card Industry (PCI) council released a supplement to the payment card industry data security standards (PCI-DSS) on the use of cloud technologies and considerations for maintaining PCI DSS controls in cloud environments.  The supplement is intended for merchants, service providers, assessors, and other entities in evaluating the use of cloud … Continue Reading

Fiserv Releases White Paper on Multi-Channel Banking

On April 4, 2012, Fiserv, one of the largest payment processing service providers for the banking industry, released a white paper analyzing the current state of multi-channel banking, which is a consumer’s use of more than one channel to conduct banking activities.  The white paper, titled “Snacking, Lunching and Fine Dining: How Mobile is Reshaping … Continue Reading

New PCI Council Chairman Establishes Mobile Payments as Top Priority for 2012

Newly-appointed chairman of the PCI Security Standards Council, Michael Mitchell, recently reiterated the importance of data security for mobile payments technology and the Council’s priority in studying and advising the industry on such technology.  Chairman Mitchell pointed out the sharp increase in mobile payments but also a lag in security technology protecting such payments.  “The adoption of … Continue Reading
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