Transaction technology is advancing the convenience, speed and security of payments, mobility and identity management. Consumers, merchants, third-party processors, wireless carriers and financial institutions all play a role in this rapidly transforming field. These technologies create new challenges related to interoperability, reliability and efficiency. And they have engendered new types of crime, including hacking, identity theft and malware. With New Science, UL is facilitating the deployment of secure infrastructures built on new transaction technologies and helping to ensure that they operate optimally and securely. http://www.ul.com/transactionsecurity

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2. UL and the UL logo are trademarks of UL LLC © 2013

3. UL and the UL logo are trademarks of UL LLC © 2013

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5. UL and the UL logo are trademarks of UL LLC © 2013
TRANSACTION
SECURITY
Transaction technology is advancing
the convenience, speed and security
of payments, mobility and identity
management. These technologies create
new challenges related to
interoperability, reliability and efficiency.
And they have engendered new types of
crime, including hacking, identity theft and
malware.

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TRANSACTION SECURITY CHALLENGES

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1. “Consumer Cybercrime Estimated at $110 Billion Annually,” 2012 Norton Study. Web: 5 Oct. 2012.
http://www.symantec.com/about/news/release/article.jsp?prid=20120905_02
HOW CAN WE WORK TO REDUCE
HACKING AND ITS IMPACT?

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2. “NFC: When Will Be the Real Start?” Frost & Sullivan Report, 11 Jan. 2011. Web: 12 Mar. 2013.
http://www.frost.com/sublib/display-report.do?bdata=bnVsbEB%2BQEJhY2tAfkAxMzYyMDY1OTA5Mjk2&id=9843-00-13-00-00
HOW CAN WE ANTICIPATE AND MITIGATE
CHALLENGES RELATED TO THE GROWTH
OF M-COMMERCE?

9. UL and the UL logo are trademarks of UL LLC © 20133. “Biometrics Market Expected to Hit $12 Billion in 2015,” Homeland Security News Wire, 18 Jan. 2011. Web: 12 Mar. 2013.
http://www.homelandsecuritynewswire.com/biometrics-market-expected-hit-12-billion-2015-0
HOW CAN WE USE BIOMETRICS TO
INCREASE SECURITY AND EFFICIENCY
OF TRANSACTIONS?

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UL’S NEW SCIENCE OF
TRANSACTION SECURITY
UL is facilitating the deployment of secure
infrastructures built on new transaction technologies
and helping ensure that they operate optimally
and securely. From collaborating on state-of-the-art
biometrics security to helping transition disparate
systems to a new platform, UL is responding to today’s
Transaction Security challenges with New Science.

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LEARN MORE
ABOUT BIOMETRICS
UL tested, analyzed and ultimately helped ensure the
functionality and security of an innovative fingerprint
authentication system.

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WHAT WAS THE IMPACT
OF UL’S NFC
IMPLEMENTATION
MODEL?
UL developed an innovative process to help mobile
network operators, banks, acquirers and merchants
implement an NFC payment infrastructure securely.

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DISCOVER MORE ABOUT
OUR BRAND TEST TOOL
UL researchers created a device that facilitates
interoperability and security testing, helping financial
organizations provide trouble-free transactions within
their infrastructures.

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READ ABOUT OUR
SMART WAVE BOX
UL scientists and researchers developed
a device that can simulate smart cards
or e-Identification documents and their
communication.

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LEARN ABOUT OUR
TSM TEST SUITE
Review a series of tests designed to work
together to simulate the comprehensive
interactions of devices and terminals in
the near field communication ecosystem.

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DISCOVER THE
IMPORTANCE OF
VULNERABILITY ANALYSIS
UL’s innovative methodology for creating new
ways to break security in order to design effective
countermeasures (the science of hacking).

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ul.com/newscience/transactionsecurity/
+1 847.664.2040
FOR MORE INFORMATION

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THANK YOU.