I ❤️ PIN On Mobile

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

David Poole

NEW PCI STANDARD WILL HELP GROW GLOBAL CARD ACCEPTANCE 

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.)

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What Does Open Banking Mean For You?

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

The Effect of Rising Fraud Levels on Consumer Trust

Earning Consumer Trust 

More than £1.7m a day was lost to financial fraud across payment cards in the UK last year. This news has inevitably had a negative impact on consumers’ trust in online banking and shopping.

For online merchants to increase their revenue, consumers must trust that their personal and payment details are secure at all times. This means merchants, banks, payment service providers (PSPs), acquirers and issuers’ technology must be secure. Read more

MYPINPAD AND DATECS PARTNER TO INCREASE GLOBAL CARD ACCEPTANCE

November 24th 2017, London, UK: MYPINPAD, a global leader in payments software authentication solutions, today announced a partnership with Datecs, a leading manufacturer and developer of innovative POS hardware, to deliver a PCI compliant PIN on Mobile (PoM) solution.

PIN on Mobile is a major advance in card payment acceptance technology for in-store transactions and is set to revolutionise the current merchant payments landscape. As an alternative to traditional hardware based terminals, MYPINPAD’s state-of-the-art PoM solution, MPES (MYPINPAD’s PIN Entry Solution), is a software based PIN pad solution that securely enables PIN authentication on consumer off-the-shelf devices (COTS), thus removing the need for a hardware PIN pad.

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Black Friday

At this time of year, retailers and consumers are gearing up for one of the most anticipated events in the retail calendar– Black Friday. Once reserved for just a day, Black Friday has evolved in to an almost week-long shopping opportunity, ending on Cyber Monday. Eagerly anticipated seasonal discounts start earlier each year giving consumers ample opportunity to grab a bargain.

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Is PCI About to Usher in the Age of PoM?

David Poole, Global Head of Mobile POS Solutions, MYPINPAD.  

Troy Leach, the Chief Technology Officer at the Payment Card Industry Security Standards Council (PCI SSC) recently announced the creation of a new, major, payment standard, designed to enable the secure entry of PIN in to merchants’ smartphones and tablets.

Expected to be published by the end of the year, the ‘PIN on Mobile’ (PoM) standard will provide a crucial benchmark for facilitating a software-based approach for protecting card PIN entered directly in to consumer-off-the-shelf (COTS) devices for payment authentication. Read more

Payments without PIN – ‘A Green Light for Fraud’

MPs and fraud prevention groups have recently raised concerns over the policies of some banks after an investigation found that in-store card payments were being accepted without a PIN. During the investigation by The Daily Telegraph, it was found that cardholders were able to make payments with just a signature, if they did not know their PIN.

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MYPINPAD Announced as a Payments Awards Finalist

MYPINPAD has been shortlisted for the ‘best in-store payments solution’ award at the prestigious Payments Awards for MYPINPAD’s PIN Entry Solutions (MPES). MPES is part of MYPINPAD’s Merchant Trust Solutions (MTS), developed to enhance and expand the current mPOS market.

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PIN – There’s a reason PIN is still here…

Last week Apple launched its most expensive iPhone ever, the iPhone X. However, things didn’t go smoothly for the tech giant during its first ever public demonstration. When Apple Executive Craig Federighi attempted to unlock the device using the company’s new Face ID feature, which scans a user’s face to ensure only they can unlock their phones, the attempt failed, promoting Federighi to input a traditional PIN code (and forcing him to switch to a backup phone). Read more