Intel chipsets to use Visa payment tech for IoT security
Visa and Intel are working together to integrate payment security technology into Intel chipsets, to enable device manufacturers to create a more secure payment process for the IoT. Visa is licensing its encryption technology to Intel so that data security can be incorporated at the hardware layer of  chipsets, which means payment data originating from smart devices will be encrypted. The deal will also see hardware-level data being provided during the 3D Secure authentication process, allowing merchants to distinguish between good and bad transactions.

Visa and Intel are to work together to integrate payments security technology into Intel chipsets, enabling device manufacturers to build functionality into their products to create “a more secure payment process for the internet of things (IoT)”.

Intel is licensing Visa’s encryption technology so data security can be built in at the hardware-layer of chipsets, ensuring payment data originating from devices such as computers, mobiles and IoT devices will be encrypted.

The deal — announced at the Money2020 conference in Las Vegas today — will also mean hardware-level data, in the form of a secure device code, can be provided during the 3D Secure authentication process, enabling merchants and issuers to decide if a cardholder is shopping from a recognised payment device and so distinguish between good and bad transactions.

Intel Online Connect will be embedded in the new 7th Gen Intel Core processors and will work with the existing 3D Secure protocol and the upcoming 2.0 version, which EMVCo is expected to release this year.

‘Building the bridge between physical and digital worlds’ NFC World’s Rian Boden is at Money2020 in Las Vegas and spoke to Visa’s SVP of risk and authentication products, Mark Nelsen “A huge focus for our announcements and our work has been building that bridge between the physical and the digital world. A lot of these devices we know will have security flaws, because that’s just the nature of software. There’s going to be two components of our partnership with Intel. “One is around encryption within the chipset itself, so that if you load a payment credential into a connected device, the data is encrypted within that device itself. So if a criminal happens to find some vulnerability, gets into that device and tries to get at any sensitive data, the data that they will get will be encrypted and it won’t be usable. “The other partnership is around what we would call device authentication. Today, often at times what issuers and merchants will do is when you buy something from a device, they’ll use software to figure out what type of operating system it is, where is the device and they’re using these software attributes to determine how safe is this device. “Today, we primarily use software to do that, so with the Intel partnership we’re going to use hardware. Within the chipset, it’s going to trade basically a genuine identifier that we can then use to say, ‘this came from an authentic, Intel-powered device and this is a known device. It gives us more confidence that I’ve seen this device before, it’s a legitimate device, I can now more confidently approve transactions that are originating from that device itself’.”

Mark Nelsen from Visa says the rise of connected devices opened up “new entry points for hackers” and required a “new level of coordination between players in payments, technology and computing”.

Intel’s Rick Echevarria adds: “Intel 7th Gen Intel Core processors make the online shopping experience hassle free and provide security that is built in to the hardware.”

Next: Visit the NFCW Expo to find new suppliers and solutions