This function is now extended to IoT products and solutions. In addition to hardware product certification, EMVCo also delivers software security assessments of various interfaces and payment security functional requirements of IoT products.
“The IoT is creating new ways to pay, with payment functionality enabled across various industries globally,” comments Bruce Rutherford, Chair of the EMVCo Executive Committee. “This innovation needs to be balanced with functionality, usability and security. By optimising existing processes to support new IoT payment use cases, EMVCo brings efficiencies and confidence to the IoT payment ecosystem, and an established framework of payment expertise.”
EMVCo – www.EMVCo.com