Dennis Steenbergen

Validated Payment Software hits 100

The SSC released version 1.0 of the Secure Software Standard in 2019 and payment applications that have been validated according to the standard has grown to a whopping 100. This is a big deal because it increases the choice for payment service providers and banks to offer secure transaction processing solutions off-the-shelf. The version has also matured to version 1.2 just this past December.

This is good not only for the participating payment brands, SSF assessor companies but more notably for the Payment Software Vendors / Providers and Developers. They are responsible for developing, distributing, maintaining payment software and ensure it conforms to the standard. It also means the job surface in the Fintech industry is growing not only for developers but for the companies that validate the new software.

Jobs in the Fintech industry are booming forwarding the fields of artificial intelligence, blockchain and cloud technologies. This lends to Governance, Risk and Compliance jobs to be in demand as well.

Banks are also upping their game by changing the fintech ecosystem with “Banking-as-a-Service” (BaaS), “Open Banking” and “Platform Banking”. Proprietary software is a thing of the past and the ecosystem will need secure scalable technology platforms that encourage collaboration and an overall better design-thinking approach for a new user experience.

As the entire payment ecosystem matures, its all going to be based on trust. Customers need to know their vendor security postures and banks need to provide transparency by showing their software solutions by name. Trust in the future will be built around the individual and evaluate who you are and what your doing.

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PCI Live is a provider of information security and compliance management training solutions to large and small businesses throughout the world. PCI Live analyses, protects and validates an organization’s data management infrastructure from the network to the application layer – to ensure the protection of information and compliance with industry standards and regulations such as the PCI DSS and ISO 27001, and others. PCI Live is headquartered in Tennessee with offices throughout Europe.

Validated Payment Software hits 100

Not only is this good for the industry, its good for your career.

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