The Secure Remote Payment Council is dedicated to the growth, development and market adoption of debit based internet eCommerce, emerging eCommerce payment types, and mobile channel payment methods that meet or exceed the security standards for pinned based card present payments. The Council accomplishes this by encouraging and supporting those activities that accelerate the implementation, adoption and promotion of these payments.
SRPc Releases Second Position Statement on Tokenization
The SRPc has released a second position statement on tokenization. In the new statement, the SRPc focuses on the use of tokens in the Apple Pay deployment. As in our previous statement, it calls on the industry to come together to develop an open, consensus tokenization standard that ensures that all stakeholders participate in a solution that is equitable, safeguards competition and encourages innovation. We welcome any comments you may have.
Please email them to Info@SecureRemotePaymentCouncil.org.
Read the full Position Statement PDF here
November 2014 Summit
News: Keynote Speaker Added
We are pleased to announce that Barry McCarthy, President, Financial Service, First Data Corporation has been added to the agenda as our keynote speaker. Barry’s comments will focus on how the move to a mobile payments world is having profound effects on the entire industry.
November Conference to Look at Challenges of Secure Payment Processing in the Card-Not-Present Environment
The need for efficient and secure payment processing in the card-not-present environment has never been more pressing. Advancements in risk mitigation solutions to address these present day challenges will continue to unfold manifesting in the form of end-to-end encryption, tokenization and dynamic authentication. Getting sensitive card data out of the payment system and providing better protection mechanisms for the online payment environment will remain a top priority for the payments industry. The emergence of Bitcoin and other virtual currencies portend that the payment industry will look for new ways to support the movement of funds.
On November 12, 2014, the Secure Remote Payment Council and the Federal Reserve Bank of Atlanta are hosting a joint conference to consider the issues involved in creating a more efficient, secure online payment system. The conference, “Securing Remote Payments in the Card-not-Present Environment,” will examine the advancements in risk mitigation solutions for the detection, protection and prevention of fraud, and address new ways to support funds movement in the online environment.
The conference will bring together industry experts, regulators, policymakers, and law enforcement officials to discuss the state of the industry and consider ways to enhance the security of card-not-present transactions. This one-day conference takes place at the Federal Reserve Bank of Atlanta on Wednesday, November 12th from 9 a.m. to 5 p.m., with a reception following.
You can find more information at the conference web page.
This free event is by invitation only, and space is limited. Last year’s event sold out early so don’t wait.
You must register by October 31, 2014.
Questions or Comments? Contact Paul Tomasofsky:
SRPc Releases Position Statement on Tokenization
The SRPc has released a position statement on tokenization. In the statement, the SRPc calls on the industry to come together to develop an open, consensus tokenization standard that ensures that all stakeholders participate in a solution that is equitable, safeguards competition and encourages innovation. We welcome any comments you may have. Please email them to Info@SecureRemotePaymentCouncil.org.
Read the full Position Statement PDF here
SRPc Chip and PIN Workgroup Adopts Common US Debit AID
The Secure Remote Payment Council (SRPc) today announced that the ten debit network members of its Chip and PIN Workgroup have agreed to adopt a common U.S. debit application identifier (AID).
Read the full Press Release here
Open Letter on EMV
The Secure Remote Payment Council has updated its commentary on ongoing developments regarding EMV deployment for debit transactions in the US. Its new open letter calls for the adoption of a Common US Debit AID with appropriate governance parity by all debit networks. It describes why this approach is best for all stakeholders and asks all networks to move to this solution. We welcome any comments you may have. Please email them to Info@SecureRemotePaymentCouncil.org
Read the full Press Release here
The Secure Remote Payment Council (SRPc) announces the formation of a working group to define and adopt a POS and ATM solution for chip and PIN acceptance for PIN debit networks. The goal of this collaborative effort is to provide interoperable adoption of chip and PIN debit payments to the industry, while supporting innovation, choice, and the proven track record of PIN security in reducing payment fraud. The working group includes leading PIN debit networks STAR®, SHAZAM®, PULSE®, NYCE®, AFFN®, ACCEL/Exchange®, ATH®, Credit Union 24®, CO-OP Financial Services® and Jeanie®.
Download the Press Release
There has been much talk of late in the payments industry regarding EMV deployment in the U.S. There are some peculiar aspects of the U.S. market that make it different from the rest of the world. One of those relates to the market composition of payments networks besides the major card brands. The Secure Remote Payment Council (SRPc) has announced the publication of an open letter that asks the industry to come together to discuss deployment aspects of EMV so that all market participants can compete in an equitable manner. We welcome any comments you may have. Please email them to Info@SecureRemotePaymentCouncil.org.
Download the Open Letter on EMV PDF
Improving security for remote payments
Given the growing popularity of e-commerce and m-commerce over the past few years, remote payments have become commonplace. Unfortunately, remote payments fraud has grown in response. On September 26, 2011, the Federal Reserve Bank of Chicago and the Secure Remote Payment Council (SRPc) co-hosted a symposium to discuss strategies that help reduce such forms of fraud.
Download the full PDF
New White Paper
The Secure Remote Payment Council (SRPc) has announced the publication of a white paper on the work of its Remote Payments Roadmap Task Force. The white paper’s purpose is to improve the non-Face to Face (nF2F) payments infrastructure so that consumer confidence and security can be on par with that of PIN debit POS in the physical world.
Download the full Press Release.
To request the 32 page White Paper PDF, please fill in the Contact Us form and the SRPc will deliver it via email.
Council Membership is open to any entity that does business in the internet eCommerce and mobile channel payments areas. Common types of these companies include:
- Financial Institutions
- Merchant Processors
- Issuer Processors
- Payment Brand Companies
- Payments Authentication Hardware Providers
- Payments Authentication Software Providers
- Payments Consultants
Key Activities to Accomplish Mission:
- Facilitation of the identification and implementation of data and tools that reduce fraud, and improve identification and location of those perpetrating it;
- Providing a venue for the introduction of new eCommerce payment initiation solutions and a standardized process for their validation;
- Providing tools and resources necessary for increasing knowledge;
- Promoting best practices for service providers;
- Providing networking opportunities for industry participants;
- Educating Policymakers, Regulators and Law Enforcement on the benefits of these payments.
To learn more about Secure Remote Payment Council membership, please contact us via email at Info@SecureRemotePaymentCouncil.org or by phone at (201) 775-4960. We look forward to hearing from you!