The PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN Entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC) Standards, which individually address security requirements for solutions that enable…

Secure Element — securing contactless payments in smartphones

Modern smartphones have successfully combined the functionality of a phone, camera, music player, public transit pass, and even a wallet for many years now. Naturally, this makes you wonder about the security of the data they store. Let’s figure out how well smartphones protect users’ most valuable information and how their main security mechanism — a…