February 7th 2013 saw The Payment Card Industry (PCI) Cloud Special Interest Group release a set of best practices and guidelines to cloud security guidance, entitled ‘PCI DSS Cloud Computing Guidelines Information Supplement’ (view press release).
General manager of the Payment Card Industry Security Standards Council, Bob Russo, commented on the guidelines in an interview with BankInfoSecurity, and emphasised the fact that businesses must understand where card data is stored at all times, and apply the guidance to their overall PCI compliance strategies.
Explaining further, Russo says, “Cloud is a shared responsibility. Outsourcing the management of these security controls really doesn’t equate to outsourcing your responsibility to be PCI-DSS compliant. Cloud services are not all created equally, so you need to understand what PCI-compliant cloud service really means.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.