Following the release of PCI SSC’s new standard for software-based PIN entry on mobile devices for card payment acceptance, MYPINPAD, a global leader in payments software authentication solutions, has launched its revolutionary ‘PIN on Mobile’ product; MPES.
MPES (MYPINPAD’s PIN Entry Solution) has been developed to enhance and expand the current mPOS market offering to meet the growth in card acceptance points. It is a software-based PIN pad solution that securely enables PIN authentication on merchant’s mobile devices, such as smartphones and tablets, as an alternative to traditional mPOS hardware-based solutions. Removing the need for a hardware-based PIN pad allows vendors to produce smaller, lower-cost card reading devices. By reducing the solution cost, a significant barrier to entry for merchants is removed.
MYPINPAD’s MPES technology has recently been integrated into Datecs’ (a leading manufacturer and developer of innovative POS hardware Secure Card Readers) Bluelite Secure Card Reader (SCR) to provide merchants with a low cost, PCI compliant PoM payment acceptance solution.
MPES ensures that when the PIN number is entered into the phone or tablet it is isolated and protected in accordance with the latest PCI SCC standard.
Global Head of Mobile POS Solutions at MYPINPAD, David Poole, said: “Retailers the world over will appreciate the improved customer experience, reduced cost, logistical freedom and the flexibility of MYPINPAD’s PoM solution. As an increasing number of cloud-based business applications are accessed via tablets and phones its makes sense to ensure that payments can be securely processed and managed from these familiar and friendly devices.
“The adoption of PoM will also help grow the number of card acceptance outlets, especially for those SMEs that, to date, have been put off by the high cost of traditional payment devices. PoM will help boost global transactions volumes while enriching the in-store experience for consumers”.
David Poole, added: “The new PCI standard aligns tightly with our goal of increasing merchant card acceptance globally while also mitigating risk for both retailer and consumer. With the introduction of PoM, accepting card payments has never been easier or cheaper for merchants. We believe that this is the biggest evolutionary step for the payments industry in recent years”.
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