5 Things to look out for in 2015.

1) PCI DSS 3.0

January 1, 2015 marked the official kickoff of the PCI DSS 3.0. According to Bob Russo, general manager of the PCI Security Standards Council, the new standard is “about making PCI compliance part of your business, not a once-a-year, studyfor-the-test kind of thing.”

2) Visa’s Enhanced PCI DSS Enforcement Plan

In October of 2014, Visa announced a new PCI DSS enforcement plan designed to encourage Visa clients to push their noncompliant and overdue service providers, level 1, and level 2 merchants, to obtain PCI validation.

3) EMV

In recent years, Europay, MasterCard, and Visa technology (EMV) has proven to be a successful way of reducing fraud. Since the European EMV migration nearly a decade ago, POS fraud losses in the United Kingdom have reportedly dropped by 63%.

4) Apple Pay

Apple made a lot of noise in 2014 when it announced Apple Pay, and it looks like we will hear much more about the mobile payment platform in 2015.

Like its predecessor Google Wallet, Apple Pay utilizes Near Field Communication (NFC) technology to process mobile payments. However, Apple looks to thrive where other NFC services have failed by leveraging a broad acceptance infrastructure and well-established, fiercely loyal user base.

5) POS Malware

Cases of POS malware have grown exponentially for several years now, and with reports of over 1,000 merchants affected last year alone, it’s safe to assume that 2015 will be no different.

POS malware are programs designed to steal track data and payment account information from business computer systems. Once hackers successfully retrieve key data, it is sold through various black market websites.

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