PoM is the latest innovation in payment acceptance for in-store transactions and is set to revolutionise the industry. It has been developed to enhance and expand the current mPOS market offering and to meet the ongoing demand for increased card acceptance points across the globe.

Under the agreement for live pilots, MYPINPAD’s innovative PoM product, MPES (MYPINPAD’s PIN Entry Solution) has been integrated within Ingenicos’ payments solution to deliver secure PIN authenticated transactions via Consumer-Off-The-Shelf (COTS) devices, such as smartphones and tablets.

MPES is a software-based PIN pad that securely captures PIN entry on COTS devices. Removing the need for a hardware-based PIN pad allows Payment Service Providers and Acquirers to offer low cost solutions to micro-merchants in order to grow the number of global retail acceptance points. As well as the global appetite for such solutions, the technology will also help micro-merchants benefit from a very cost-efficient acceptance solution.

MPES ensures that the PIN number entered in to the smartphone or tablet is isolated and protected. Already compliant to card scheme rules, the first pilot is expected to be live in Europe by mid-2018, under specific card scheme waivers.

Market Leader of Bring Your Own Device at Ingenico Group, Timothée Perrin, explained: “Ingenico Group has integrated PIN on Mobile capabilities from MYPINPAD into the overall payment process and existing infrastructure. We are very pleased to have received the approval of the overall solution by the main payment schemes and be able to soon start the field tests.”

Global Head of Mobile POS Solutions at MYPINPAD, David Poole, added: “Ingenico is an ideal partner for our global PoM delivery. Their knowledge, understanding and reputation for securing payments is renowned globally. Together we have produced a pioneering payment solution that is designed to meet scheme requirements. We know that ubiquitous smart devices have a significant role to play in powering the growth of card acceptance points and we expect to lead that drive. PoM has the potential to become the most widespread form of face-to-face payment authentication.”