Last week saw the payments, fintech and financial services communities come together in Amsterdam to discuss the technology and innovation that are set to change the payments landscape. As a technology provider focused on game-changing technology, it seemed an ideal opportunity to discuss our ‘PIN on Mobile’ solutions with a who’s who of fellow innovators.
The event that ‘brings together the entire financial services industry’ is back next week, and MYPINPAD is heading to Money 20/20 in Amsterdam to discuss how developments in mobile technology has changed payments acceptance forever.
Card payment acceptance
Consumers are carrying less cash than ever before. This poses a challenge for the five million small merchants in the UK that are still unable to accept card payments. They risk losing sales as cashless consumers often abandon their shopping if the merchant is unable to accept card payments.
This issue has spurred a lot of competition to deliver a new generation of versatile payment technologies. However, with many new solutions coming in to the payments market confusion has crept in regarding terminology and the benefits of different technologies.
Pin on Mobile and PIN on Glass are not the same:
A case in point is the conflation of the terms “PIN on Glass” (PoG) and “PIN on Mobile” (PoM). I often see the terms incorrectly treated as synonyms, as if the technologies they describe are essentially the same thing – which they are not.
PoG and PoM are distinct technologies, with their own features and benefits. Failure to understand the differences between them could mean merchants may not get the payments solution that is right for their business.
MYPINPAD HAND PICKED TO EXHIBIT AT IFC 2018
On 22 March 2018, HM Treasury will host the second International FinTech Conference in London.
The UK’s most exciting FinTechs have been hand selected by a specialist panel to exhibit at this years’ International FinTech Conference. Considered the best of the UK sector, MYPINPAD is proud to exhibit at the event.
WHY WERE WE SELECTED?
The International Fintech Conference offers a unique opportunity to explore why the UK is the ideal place to invest in FinTech. MYPINPAD were chosen to showcase our revolutionary technologies.
We recently hosted an executive briefing at MYPINPAD’s headquarters in Canary Wharf introducing the PCI’s new standard for software-based PIN entry on mobile devices for card payment acceptance.
This week we launch our exclusive video content from the event, which was attended by some of the industry’s most influential figures in retail, tech and payments.
The World’s Largest Gathering for the Mobile Industry
Mobile World Congress 2018 once again took place at Fira Gran Via, Barcelona last week and what an amazing few days it was! Mobile World Congress is a showcase of incredible technology and ideas.
This year, the focus was on ‘creating a better future, today’ with an impressive agenda including product launches, important announcements and an impressive list of guest speakers.
Insight into the new security standard for software-based PIN entry on COTS devices to drive development of Secure Software-Based PIN Entry Solutions and enable merchants to accept software-based PIN-entry payments on commercial off-the-shelf (COTS) devices
Following the release of PCI SSC’s new standard for card payment acceptance on mobile devices, join us on 14th February at 8.30am for an Executive Briefing to understand the impact of ‘Software-Based PIN Entry’. How it will operate and how it will benefit Acquirers, PSP’s and merchants of all shapes and sizes. Read more
INDUSTRY RESPONSE FROM DAVID POOLE, GLOBAL HEAD OF MOBILE POS SOLUTIONS, MYPINPAD, IN REACTION TO THE NEWLY-ANNOUNCED PCI SOFTWARE-BASED PIN ENTRY (SPOC) STANDARD
(MYPINPAD is a global leader in payments software solutions with a goal of delivering economic, scalable solutions to meet its clients’ diverse requirements for authentication and identity management. The company is managed by an alliance of leaders from the payments industry with a collective 100+ years’ experience spanning a wide spectrum of banking, security and payment technology.)
PSD2 – The Second Payments Service Directive
Open Banking is here, in what has been described as ‘one of the greatest shake-ups in personal finance in years.’
The implementation of the revised Payments Service Directive (PSD2), on 13th January, is considered D-Day for payments but in reality, it is the beginning of an evolution across financial services for the benefit of the consumer. Read more
MYPINPAD – LONDON
1 Canada Square
London, E14 5AB
Office Tel: + 44 (0)203 757 6317
MYPINPAD – CARDIFF
3 Assembly Square
Cardiff CF10 4PL
Office Tel: + 44 (0)2920 674437
MYPINPAD – ASIA
21/F Gloucester Tower
15 Queens Road Central