Accumulate meet Visa's Mobile Payment Best Practice Guidelines

In the guidelines Visa has set out best practices and minimum standards for encryption and made clear the solution provider's responsibilities to secure cardholder data when mobile devices are used to accept payment.

Among the best practice guidelines are demands for:

• Encrypting all account data at the card reader level and in transmission between the acceptance device and the processor — especially important given the use of wireless or public networks;
• Enabling truncation or tokenisation of card numbers, allowing the merchant to identify the cardholder without storing the full account data;
• Ensuring that payment data read from cards is protected against fraudulent use by malicious or unauthorised applications on the device.

"This is a good set of minimum security need and Accumalate already meet these guidelines. Our sophisticated mobile payment solution has many more security features than described in this document and these are added without comprimising the user experience", says Stefan Hultberg, CEO of Accumulate.

The Visa  Best Practices for Mobile Payment Acceptance solutions is find here.