UL’s Identity Management and Security testing and evaluation analysis supported the fintech in achieving the new standard. The PCI approved SPoC solution, FLite, is wholly developed by a team of Malaysian software engineers from Soft Space. The solution was evaluated by UL, a global safety science organisation, 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 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.
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.
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