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.

Explaining about the new standard for COTS payments, PCI SSC officer Emma Sutcliffe said that PCI CPoC Standard provides security and test requirements for solutions that enable contactless payment acceptance on a merchant COTS device using an embedded NFC reader.

The PCI CPoC Standard also includes security requirements for vendors on how to protect payment data in CPoC solutions.

Moreover, PCI SSC has also published validated CPoC Solutions as a resource guide for merchants and users of the contactless payments service.

Another startup that is working in the contactless payments domain in the country, ToneTag, has also raised $1.3 Mn from an overseas investor, Tropical Star Limited. | To read full story, visit https://startuparound.com/read/1575961205.8655343/PCI-SSC-Launches-New-Standards-To-Secure-NFC-Contactless-Payments?ref=audio_experience