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Industry veterans join to launch myPINpad payments authentication platform

16 February 2015  |  3344 views  |  0 Source: myPINpad

myPINpad, the first business set to solve the on-going challenges with consumer authentication by bridging the universally accepted Cardholder PIN with the advanced security of multiple Identity Authenticators, launches today.

The solution, which has been shaped by a team of proven industry experts, works across channels, sectors, and geography, removing security-based barriers to payments innovation.

The team behind myPINpad is led by Executive Chairman CEO Philip King, and is based at Canary Wharf L39 with presence in Cardiff, Hong Kong, Sydney and Auckland.

Unlike many other authentication solutions, the technology behind myPINpad acts as an evolutionary bridge between existing and new authentication technologies. myPINpad has global capabilities across multiple markets and sectors, in payments and financial services.

CEO, Philip King said: "I am delighted, on behalf of the team, to be introducing the world's first solution ready to combine all current advances in consumer authentication with the simplicity and familiarity of the Cardholder's PIN. For issuers and Card Schemes, myPINpad is a secure authentication platform able to help drive branded card usage through mobile and other digital environments, including un-banked regions. Our solution also delivers rapid transition to channel-agnostic consumer authentication, enabling acquirers and PSPs to fulfil regulatory obligations and help protect merchants. Our intention is to become the most trusted authentication service for the secure entry of consumer credentials and payment information across all channels."

With myPINpad, technology providers and resellers can now offer their customers technological innovation across sectors, channels, and regions while preserving and future-proofing existing investments.

For mPOS providers, myPINpad is an enabler and has the potential to become the industry standard for user authentication on mobile devices while mitigating fraud issues at the source. Importantly in the emerging digital landscape, myPINpad technology directly enhances the consumer experience for merchants, by maintaining the familiar and simple authentication process via advanced PIN serd PIN services.

The leadership team behind myPINpad has over 100 years of combined successful experience in the payments and security industries. This expertise behind the solution ensures that myPINpad is a strong alternative in the authentication market.

The myPINpad Leadership team are:

Ø Philip King, CEO: Payments and Finance Consultant and Director of Asia Principle Capital Bank
Ø David Poole, Business Development Director: previously MD of Miura Systems with extensive senior executive payments experience.
Ø Justin Pike, CTO: Technology innovator and co-Founder of eNett International
Ø Allan Syms, Commercial Director: an experienced Senior international technology Executive
Ø David Froud, Head of Compliance and Risk: a committed data security and privacy expert
Ø Jon Pinkerton, Head of Innovation: a New Zealand based technology trend spotter
Ø David Muxworthy, CFO: a Chartered Accountant and Founding Partner in one of the UK's founding Telehealth businesses 

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