MePIN, the global online user authentication and transaction authorization provider, has signed a partnership with Trends & Technologies (TTI), a leading Solutions Provider and Systems Integrator for Information and Communications Technology in the Philippines.
It is anticipated that fraudsters will focus on online payments next given the ongoing preparations of banks and credit card issuers in the Philippines to shift to EMV chip cards. Payment providers need to improve their online systems to protect themselves and their customers against fraud. MePIN provides a convenient user authentication and transaction authorization solution utilizing smartphones, while supporting also legacy users with SMS codes.
“The Philippines and South East Asia is a fascinating market for us. They have adopted contactless payments well and there's a great expectation for easy to use online payments too”, points out Mr. Markku Mehtälä, Founder and CEO of MePIN / Meontrust Inc, and continues, “from TTI we have found a strong partner to address the market with”.
“Online phishing is still a major problem in the Philippines. MePIN tackles both payment authorization and phishing protection well,” states Mr. Hasan Fard, CEO of TTI.
The companies are working together to offer the MePIN online security solution in the Philippines market.