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London

Member since

2013

David Poole

Global Head of Mobile Solutions at MYPINPAD

Message Posts: 0 Comments: 6

David is Commenting on

ING tests software that turns mobile phones into POS terminals

Great news and I wholeheartedly support this innovation. Of course when the merchant wants to accept a transaction over the contactless level, at least from a card format, they require PIN on Mobile. Something MYPINPAD can deliver.

23 Jul 2019 Reply Read article

No More Pin Pads

I enjoyed reading your blog, and wholeheartedly agree that PIN on Mobile will be soon be much more widely available. Mobile point of sale volumes are still growing rapidly; a market that was estimated to be worth just under $15bn globally last year is predicted to be worth more than three times that amount by 2023. As you may know, PCI SSC is expected to openly publish its PIN on Mobile payment standard by the end of the year, which is a significant and welcome development in the evolution of global smart phone and tablet based payment acceptance. The security of the international card payments industry has long benefited from the implementation of PCI standards, as have consumers. We believe this new PIN on Mobile standard will open up the benefits of mobile payment technology for businesses of all sizes. It will also help to realise the massive untapped potential of consumer off the shelf (COTS) devices to grow merchant acceptance and transactional volumes. This low cost alternative to the traditional terminal will likely be welcomed globally by innovative retailers big and small. David Poole, MYPINPAD, Canary Wharf

05 Oct 2017 Reply Read article

ID fraud hits record levels in UK

This news is not surprising, it is clear evidence that authentication security methods are not meeting requirement, especially for fraudsters targeting online retailer’s transactions. Currently, we see methods that are either too low or too high-security; which affect consumers and merchants in two very distinct ways. The former sees merchants and consumers lose confidence when transacting online, whilst the latter risks driving away honest consumers (and sales) through false declines or through the frustration of numerous and complex security procedures. As a result, authentication must up its game. A simple yet secure approach is required, to give both consumers and merchants the confidence to transact. This will grow acceptance rates and improve customer satisfaction.

20 Mar 2017 Reply Read article

Finextra PSD2 study explores implications for EU payments providers

On the face of it emerging banks are taking the lead by being able to accommodate new regulations into new product delivery and it isn’t surprising, given the fact that they are unconstrained by legacy systems and often have a disruptive business model. This is putting pressure on the traditional banks to keep up with innovation. However, those forward-looking traditional banks organising and responding - very much as sleeping giants, they are waking and raising their game. More enablement of the traditional banking systems with new regulations, such as PSD2, will benefit the wider public as the regulation intended. As it stands, traditional banks have legacy systems that will cost billions to overhaul. As the report indicates, this means that they are not as agile as emerging banks in bringing about change quickly. However, the industry is starting to see the huge opportunity that this creates and those able to deliver the combination will be very successful.

15 Mar 2016 Reply Read article