Keysight’s Riscure Security Solutions has been accredited by the European Payments Initiative (EPI) to conduct security evaluations for Payment Service Providers (PSPs), including both acceptor and consumer evaluations.
The device security research lab’s accreditation marks an expansion of Keysight’s EPI certification services, which enable a review of the full range of EPI certification and approval objects, including:
- EPI Standalone Wallet
- EPI Digital Wallet Applications embedded in the Payment Service Provider’s (PSP) own Wallet
- EPI PSP Evaluations (acceptor and consumer)
Security requirements
“With this accreditation, we’re able to support even more companies in securing their payment solutions,” said Pascal van Gimst, VP of Sales and Business Development at Keysight.
“We continue to help our clients navigate security requirements confidently, so that they can focus on building great products and delivering the best experience to their customers.”
What is EPI?
The goal of the EPI is to develop a comprehensive digital wallet based on the instant payment scheme
The EPI is an initiative formed by 16 European banks and financial service providers to build a new digital wallet and a unified account-to-account solution for Europe. The solution aims to establish a new standard in payment methods across Europe, benefiting consumers and merchants across all retail transactions, whether in-store, online, or person-to-person (P2P).
The goal of the EPI is to develop a comprehensive digital wallet based on the instant payment scheme, as defined by the European Payments Council (EPC). Digital wallets support various transactions between merchants and individuals, and aim to provide robust security and immediacy through a user-friendly interface.
The EPI initiative aligns with Europe’s move towards instant payments and is a response to calls from European authorities for the development of an independent, alternative payment system based on instant payment schemes.
Keysight helps customers navigate security requirements
Keysight’s expertise in payment security enables vendors to efficiently navigate certification and strengthen the security of their payment solutions.
This enables vendors to demonstrate compliance with strict security requirements covering cryptographic protection, secure authentication, and transaction integrity.
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