Big changes are coming to payment security in 2019. PCI is launching a grand experiment in payment security - Software PIN on COTS (SPoC) - a subset of "PIN-on-glass". SPoC is intended to make payments using devices like phones and tablets both easy and secure. The approach is both interesting and a departure from previous payment security standards. SPoC has generated a lot market interest but will face challenges with complexity and potentially with acceptance. This article looks at what SPoC is, its new security model, and some of the challenges. We also present a timeline on the standard including known mandates.
The PCI Council which oversees 10 different standards and a dozen programs is in the process of updating and rolling out standards that will have a big impact on payment security. In addition to SPoC, 2019 will see a new software security standard & framework to replace PA-DSS, improvements to the 3DS standard to benefit card-not-present & mobile payments, a new Qualified PIN Assessor (QPA) program, and a Contact-less payments on COTS standard.