{"id":4285,"date":"2019-11-06T06:47:05","date_gmt":"2019-11-06T06:47:05","guid":{"rendered":"https:\/\/softspace.com.my\/?p=4285"},"modified":"2026-06-10T08:15:50","modified_gmt":"2026-06-10T08:15:50","slug":"ul-security-evaluation-leads-to-soft-space-achieving-world-first-pci-ssc-spoc-approval","status":"publish","type":"post","link":"https:\/\/softspace.com.my\/?p=4285","title":{"rendered":"Soft Space Achieves World First PCI SSC SPoC Approval with Security Evaluation by UL"},"content":{"rendered":"

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Pioneering Malaysia-based fintech receives world’s first Payment Card Industry Security Standards Council approval for a Software-based PIN on COTS solution<\/i><\/span><\/p>\n

Singapore, 27 August 2019 <\/b>\u2013 <\/span>UL, a leading global safety science organization, announced today that its Identity Management and Security testing and evaluation analysis has resulted in Soft Space attaining the world\u2019s first Payment Card Industry (PCI) Security Standards Council approval for a software-based PIN entry on a commercial off-the-shelf (SPoC) solution.\u00a0<\/span><\/p>\n

The PCI approved SPoC solution, FLite, is wholly developed by a team of Malaysian software engineers from Soft Space and subsequently evaluated by UL, to determine FLite\u2019s compliance to PCI\u2019s SPoC standards.\u00a0<\/span><\/p>\n

FLite comprises a lightweight NFC (near-field communication) -based EMV chip card reader, which is paired with a smartphone via secure Bluetooth connection to accept card payments. When completing PIN-based card transactions, the customer\u2019s PIN authorisation is performed on the smartphone, where the PIN information is separated from the card information captured by the card reader, ensuring a high level of security.\u00a0<\/span><\/p>\n

This entire end-to-end process adheres to PCI\u2019s SPoC standard, which calls for a software-based approach to protect a customer\u2019s PIN entry on smartphones.\u00a0<\/span><\/p>\n

\u201cAt UL, we work for a safer world every day by solving critical challenges and mitigating risk. We are proud that our payment security expertise helped Soft Space gain industry approval and applaud their contributions to helping advance digital payments,\u201d said Isabelle Noblanc, vice president and managing director, Identity Management and Security, UL.\u00a0<\/span><\/p>\n

\u201cSoft Space believes FLite could potentially revolutionise card payments acceptance with its unique way of processing PIN entry. This is why approval from PCI is crucial to us as it not only validates our capabilities as a leading payment player but assures regulators and merchants that FLite a secure way to go cashless, thereby promoting financial inclusion,\u201d said Joel Tay, the CEO of Soft Space.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pioneering Malaysia-based fintech receives world’s first Payment Card Industry Security Standards Council approval for a Software-based PIN on COTS solution Singapore, 27 August 2019 \u2013 UL, [\u2026]<\/span><\/p>\n","protected":false},"author":6,"featured_media":4301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,42],"tags":[],"class_list":["post-4285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-announcement","category-news-media"],"_links":{"self":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4285"}],"version-history":[{"count":10,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4285\/revisions"}],"predecessor-version":[{"id":4320,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/4285\/revisions\/4320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/media\/4301"}],"wp:attachment":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}