19 June 2018
Visit www.gemalto.com

Mi-Pay receives PCI DSS level 1 certification

19 May 2010  |  3845 views  |  0 Source: Mi-Pay

Leading mobile payments service provider, Mi-Pay has achieved Payment Card Industry Data Security Standard v1.2 (PCI DSS) certification as a Level 1 Merchant and Service Provider under both MasterCard and Visa.

Offering the same base levels of security required by retail banks and card issuers, Mi-Pay's PCI Level 1 certification follows a sustained period of substantial commitment and investment. It assures Mi-Pay's mobile operator, MVNO and financial service partners that their services are supported by the highest industry card scheme level applicable to any company that stores, processes or transmits card payment data.

Mi-Pay's PCI certified transaction platform also supports SSL and 3D secure, ensuring that all customer data passing through the system is encrypted, and that screening systems are built-in to detect fraud.

Facilitating topup services for companies such as Tesco, Du, CarphoneWarehouse and Globaltopup.com; Mi-Pay is committed to providing the highest security features possible and PCI is a major part of this. PCI DSS is a global, multifaceted security standard that includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures. This comprehensive standard is intended to help organisations proactively protect customer account data.

By meeting the latest PCI requirements, Mi-Pay removes the burden of compliance from mobile operators and MVNOs; allowing them to focus on driving sales and increasing ARPU. Mi-Pay's PCI certified services also ensure the safe handling and processing of consumers' financial and card data, thereby minimising likelihood of fraud and helping to safeguard the operator brand reputation.

Norman Frankel, Mi-Pay CEO comments, "Mi-Pay has invested heavily in "compliance-oriented architecture" to ensure we remain on top of existing and new regulations that affect the way all sensitive data is handled and stored. We also implement a variety of advanced security features including 3D secure to help safeguard our clients' customer payment data and deliver the best and most reliable mobile payments experience possible."ossossible."

Designed to help telecoms operators increase ARPU, reduce churn and create new 'sticky' revenue streams, Mi-Pay's secure and flexible mobile payment, top-up and airtime transfer services are available in a wide variety of multi-channel, multi-payment and multi-language formats. Utilising world-proven platforms delivered with passionate support, Mi-Pay supplies a full range of international and domestic mobile payments as either white label or fully managed solutions to help operators meet business challenges today and in the future.

As part of its comprehensive payment platform, Mi-Pay employs a secure payments switch from S1 (Postilion) and implements a full range of anti-fraud systems.

Frankel explains, "We have evolved a comprehensive suite of advanced anti-fraud systems that provide us with real-time monitoring and detailed analytics to quickly identify potentially fraudulent transactions. An added bonus of this type of monitoring is that it quickly establishes customer behavioural and payments patterns which in turn can be used to further enrich marketing campaigns and subsequently help boost ARPU."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.abe-eba.eu

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48743 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10496 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9427 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8317 views comments | 8 tweets | 21 linkedin
Live: EBAday2018, day oneLive: EBAday2018, day one
8138 views comments | 6 tweets | 5 linkedin

Featured job

Find your next job