EFTsim transitioned from a thick client to a thin client architecture to improve efficiency and scalability in financial services. This transition, part of a broader trend towards server-side computing, reflects EFTsim's commitment to adapting to the evolving needs of the digital landscape.

EFTlab has successfully complied with the PCI DSS - Secure Software Standard v1.1 and has transitioned from the old PA DSS program to be listed on the PCI Security Standards website. The new PCI Software Security Framework (SSF) encompasses standards that enhance software security in payments, replacing the older PCI Payment Application Data Security Standard (PA-DSS).

The payment security landscape, particularly in ATMs and POS systems, is evolving with the PCI-PIN V3 standards. TR-31 enhances encryption key transmission with a phased rollout targeting a 2025 complete implementation. TR-34 offers a unified method for key storage, distinctively using asymmetric encryption and a unique dual header for added security. As industry standards shift, EFTlab is updating its tools to help users adapt.

The adoption of ISO 20022 is crucial for the global financial landscape, as it enables higher quality payments and improved interoperability. EFTlab's innovative solutions are helping financial organizations overcome these obstacles and efficiently adopt the ISO 20022 standard.

Say hello to our new look & feel. Today, we are excited and proud to share with the world our new look & feel. Like every good rebranding journey, ours started when we felt we had outgrown our old brand. […]

4 Biggest Roadblocks to Cryptocurrency-enablement; How To Overcome Them Have you heard the news? Cryptocurrency is becoming mainstream. There's no doubt about it. All the […]