Skip to main content

UL Security Evaluation Leads to Soft Space Achieving World First PCI SSC SPoC Approval

Press release   •   Aug 27, 2019 16:52 +08

Malaysia, 27 August 2019 – UL, a leading global safety science organization, announced today that its Identity Management and Security testing and evaluation analysis has resulted in Soft Space receiving the world’s first Payment Card Industry (PCI) Security Standards Council approval for a software-based PIN entry on a commercial off-the-shelf (SPoC) solution.

The PCI approved SPoC solution, FLite, is wholly developed by a team of Malaysian software engineers from Soft Space and subsequently evaluated by UL, to determine FLite’s compliance to PCI’s SPoC standards.

FLite comprises a lightweight NFC (near-field communication)-based EMV chip card reader, which is paired with a smartphone via secure Bluetooth connection to accept card payments. When completing PIN-based card transactions, the customer’s PIN authorisation is performed on the smartphone, where the PIN information is separated from the card information captured by the card reader, ensuring a high level of security.

This entire end-to-end process adheres to PCI’s SPoC standard, which calls for a software-based approach to protect a customer’s PIN entry on smartphones.

“At UL, we understand that the payments industry is undergoing a period of rapid change from bespoke, closed systems to more commoditized, open systems. This is why we considered it important to become the first accredited SPoC laboratory, and why we are so proud that we can use our expertise and experience in these new and emerging areas of payment to help our customers like SoftSpace to achieve their goals,” said Isabelle Noblanc, Vice President & Managing Director, Identity Management and Security, UL.

“Soft Space believes FLite could potentially revolutionise card payments acceptance with its unique way of processing PIN entry. This is why approval from PCI is crucial to us as it not only validates our capabilities as a leading payment player but assures regulators and merchants that FLite a secure way to go cashless, thereby promoting financial inclusion,” said Joel Tay, the CEO of Soft Space.

About UL

UL helps create a better world by applying science to solve safety, security and sustainability challenges. We empower trust by enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. All of our work, from independent research and standards development, to testing and certification, to providing analytical and digital solutions, helps improve global well-being. Businesses, industries, governments, regulatory authorities and the public put their trust in us so they can make smarter decisions. To learn more, visit UL.com.

Comments (0)

Add comment

Comment

By submitting the comment you agree that your personal data will be processed according to Mynewsdesk's Privacy Policy.