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| Subject: Activcard Proton NorthropSecurity feature could double price of cards | |
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Author: Date Posted: 15:34:04 10/09/02 WedMasterCardEMV standards. |
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Date Posted: 10:33:48 01/14/03 Tue Subject: Re: Activcard Proton NorthropSecurity feature could double price of cards Author: anonymous [ Next Thread | Previous Thread | Next Message | Previous Message ] -------------------------------------------------------------------------------- Date Posted: 15:34:04 10/09/02 Wed In reply to: anonymous 's message, "Re: Activcard Proton Northrop Grumman for SEWP III" on 15:34:04 10/09/02 Wed -------------------------------------------------------------------------------- http://www.cardtechnology.com/cgi-bin/readstory.pl?story=20021004CTDN392.xml ----------------------------------------------------------- MasterCard Releases More Flexible EMV Application ----------------------------------------------------------- MasterCard International today announced it has released the latest version of its credit and debit application for chip cards that comply with international EMV standards. The application, M/Chip version 4, offers more flexibility than past versions that comply with the chip payment card standards. Among other things, the new version, now released to vendors, enables banks to offer greater security for offline point-of-sale transactions than is available with most EMV cards banks are now issuing. The latter cards are at risk of being counterfeited by fraudsters with some technical savvy. The new application complies with EMV 2000 specifications, so is available from competitors or soon will be. These specifications also enable banks to better segment their card products, for example, offering cards that stay offline for transaction approval with higher purchasing amounts or at designated merchants. This reduces the time at checkout for cardholders. These new parameters can be loaded onto the chip cards when issued or sent over the network to cards already in the field. MasterCard rival Visa International has also talked about offering EMV applications through vendors with these features. More and more banks or banking associations, in such countries as France, Sweden and, later, Germany, plan to issue cards with the higher-level security, even though this could double the price of cards. MasterCard will continue to support EMV applications with lower-end security, notes Toni Merschen, senior vice president and head of MasterCard’s Chip and Mobile Commerce Center of Excellence. "There’s no such thing as 100% security," he says. "This is a business decision of implementation by the banks in various countries." ----------------------------------------------------------- ( 2002-10-04 ) Subject: Re: Activcard Proton NorthropSecurity Visa news could double price of cards Author: anonymous [ Next Thread | Previous Thread | Next Message | Previous Message ] -------------------------------------------------------------------------------- Date Posted: 15:51:41 10/14/02 Mon In reply to: anonymous 's message, "Re: Activcard Proton NorthropSecurity feature could double price of cards" on 15:51:41 10/14/02 Mon -------------------------------------------------------------------------------- http://www.zdnet.com.au/newstech/ebusiness/story/0,2000024981,20269055,00.htm ------------------------------------------------------------ Visa Australia seeks to stall data fraud By Iain Ferguson 14 October 2002 ------------------------------------------------------------ Amidst rising concern over online security, Visa International is preparing to trial a set of minimum e-commerce and data security standards for merchants with medium-to-large transaction volumes. ------------------------------------------------------------ Visa's Australian and New Zealand country risk manager, Ian McKindley, told ZDNet Australia exclusively the pilot would kick off with five companies within the next six weeks, before being expanded to 31 companies with e-commerce transaction volumes of more than 10,000 per month by June next year. The longer term direction of the standards push - whether it would be pushed down to merchants with 5,000 or even 2,000 transactions per month - is yet to be determined, McKindley said. ------------------------------------------------------------ The move comes amidst intensifying concerns over the security of credit card details on the Internet, fuelled lately by the ubiquity of the bugbear worm and its design to steal credit card numbers and passwords. A leading bank security expert on Friday called for Australia's corporate community to push into biometrics as a way of preventing widespread fraud, including online hacking. ------------------------------------------------------------ McKindley, who specialises in credit card fraud reduction, said that direction would largely be determined by the "balance between risk and reward," with the card specialist being conscious both of the impact on merchant operations of achieving compliance and the security requirements of customer data. ------------------------------------------------------------ He declined to specify how much money Visa was spending on the trial, saying only it would cost "many, many thousands of dollars". ------------------------------------------------------------ While the initiative was being pushed by Visa without the direct cooperation of other card brands, he said, they would also benefit from its application to the merchant community. ------------------------------------------------------------ He said the standards could assist in preventing breaches in security caused by companies' failure to implement the latest patches, for example. "The purpose of the trial is to ensure that there is a minimum security level upheld by our merchants to ensure confidence in e-commerce and general data storage. ------------------------------------------------------------ "It's going to be right from ensuring there is proper passport protection up to ensuring the latest version of approved firewalls are in place. ------------------------------------------------------------ "In computing, it's often the simple things that bring you unstuck. We're taking the courageous step to do something about it". ------------------------------------------------------------ McKindley stressed the standards would set a bare minimum and would already be far exceeded by companies such as large telecommunications players. ------------------------------------------------------------ Visa is subsidising the compliance questionnaire and vulnerability testing undertaken by companies involved in the pilot, with the cost structure for a more widespread deployment yet to be determined. The program is being rolled out in several countries worldwide, with the United States in line with the Australian deployment and Canada further ahead. ------------------------------------------------------------ McKindley denied that the aim of the service was to provide merchants with a marketing tool, saying surveys had revealed that those who advertised their participation in such a scheme were likely to make themselves targets for hackers. ------------------------------------------------------------ He said it was yet to be determined what sort of monitoring of ongoing compliance with the standards would be implemented. "It depends on reaction of merchants," he said. ------------------------------------------------------------ -------------------------------------------------------------------------------- [ Next Thread | Previous Thread | Next Message | Previous Message ] [ Next Thread | Previous Thread | Next Message | Previous Message ] |