BULVERDE, Texas, September 30, 2021 — Futurex is pleased to announce its CPoC 360 service, a technology platform to help organizations fulfill cryptographic requirements of the PCI Security Standards Council’s Contactless Payments on COTS (CPoC) standard for SoftPOS developers. The CPoC standard allows commercial off-the-shelf (COTS) devices such as smartphones or tablets to make contactless payment transactions without the need for additional hardware. Hosted in Futurex’s VirtuCrypt Cloud, the CPoC 360 service is designed to help anyone building SoftPOS applications get to market with less cost and in less time by meeting the standard’s range of data security requirements.
This standard accelerates the adoption of contactless payments by individuals and small businesses, while ensuring a high level of security. It provides large retailers with news ways of improving the customer payment experience, and is also expected to be widely adopted in developing economies.Read More