SEPA | Key Management and Payments Security Blog - Thales e-Security

Data Security and Key Management - Thales e-Security

  • A step forward in payment security but an end to universal card usage?

    By | December 03, 2010

    Speaking at the Next Generation Cards & Payments Conference held in Brussels late last week, Gertrude Tumpel-Gugerell, a member of the Executive Board of the European Central Bank, made several New Year's resolutions. One of them highlighted a section of the 7th SEPA progress report, published in October, which for the first time contains a whole chapter on the security of retail payments.

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  • SEPA - 2011 DDA deadline

    By | August 21, 2009

    As EMV has been rolled out across Europe, issuers have faced a choice between static data authentication and dynamic data authentication, or SDA and DDA. Many banks, especially in the UK, made the decision to migrate initially to SDA smart cards, but with the long-term aim of ending up with DDA.

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  • SEPA security – time to take action

    By | June 24, 2009

    Although security is constantly high on financial institutions’ agendas, there is a growing concern that it is still not being fully discussed in relation to SEPA. A report by the ECB outlines how far the framework dictates SEPA security requirements, stating: “the EPC (European Payments Council) has taken primarily interbank security into account, but has not specified end-to-end security issues” (1). If customers are to have confidence in using the new framework, banks must begin to build further on the requirements set out by the ECB and consider the end-to-end security of SEPA.

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  • 2009 sees good and bad news in face to face payment security

    By | December 09, 2009

    With the year nearly over, I find myself mulling over some of the main trends of 2009, one of which is the significant decline in UK face-to-face payments fraud. This trend can be traced back to the UK’s adoption of EMV or Chip and PIN in 2003, which had an immediate impact on fraud reduction. According to UK Payments Administration, the losses on UK high street transactions reduced by 55 per cent between 2004 and 2008, from £218.8m to £98.5m respectively. While 2008 figures increased in comparison to the previous year, first half 2009 figures show an encouraging return to the trend of declining levels of fraud.

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