MYHSM LAUNCHES NEW HSM AS A SERVICE

MYHSM Ltd, a sister company to MYPINPAD Ltd, launches new HSM-as-a-service, providing the payment card industry a hosted HSM alternative benefiting both established organisations and the FinTech sector

Cardiff, UK – October 19, 2018 – MYHSM announces the first dedicated payments hardware security module (HSM) hosted service using Thales payShield HSMs. MYHSM enables merchants, acquirers, Payment Service Providers (PSP), Payment Facilitators (PayFac), and issuers, to utilise security as a service to simplify operations as well as leverage cloud services while focusing on improving the consumer digital payment experience.

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Meet the Team – Neal Hindocha

Chief Security Officer (CSO)

The first in our new series, ‘Meet the MYPINPAD Team’ we are delighted to introduce Neal Hindocha who joined us earlier in the year and has a 20-year career background in international IT security, working in research, product development, network security, consulting services and management.

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Once, Twice, Five Times for Safety – Supporting Legislation with Multi-Factor Authentication Solutions

The Cost of Fraud

There’s a disturbing amount of customer money unwittingly handed to fraudsters each year. In 2017 alone, a staggering £240 million was taken from account holders. What’s more, UK Finance has released data highlighting a decline in cash payments by 15 percent over the last year to 13.1 billion – while card payments pulled ahead for the first time ever with 13.2 billion. With these huge sums of missing customer money and card usage skyrocketing, comes more pressure than ever for financial organisations to up their payment security offering at all stages of transactions.

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MYPINPAD’S SECURE PIN CAPTURE TECHNOLOGY NOW EMBEDDED INTO THALES PAYSHIELD 9000 HSMs

Latest base software update includes secure PIN capture technology for touchscreen devices

05 September 2018, LONDON: MYPINPAD, the global leader in payment acceptance and customer authentication solutions, is pleased to announce its software has been embedded into the latest base software release (3.4a) of the Thales payShield 9000 Hardware Security Module (HSM).

Thales manufactures the scalable payShield 9000, the most widely deployed payment HSM in the world, which is used in an estimated 80 percent of card payment transactions. The release will be installed on all new payShield 9000 HSMs, and is currently being deployed to all existing HSMs in the field via a new firmware update.

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The Fintech Power 50

MYPINPAD has been nominated for The Fintech Power 50 – an annual Fintech Power list which is comprised of influential and up and coming Fintech businesses all around the world.

The Fintech Power 50 presented by Fintech Finance is an annual guide to the most innovative and powerful figures in the Fintech industry.

Tipped to be recognised higher than other programmes and accolades, it acts as a reminder of all the great things being achieved in the world of financial technology and shines a spotlight on those who are transforming financial services for the better.

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MYPINPAD Launches Open mPOS Platform for PIN on Mobile

Removing complexity in face-to-face payment acceptance

19th July 2018, London, MYPINPAD, the global leader in payment acceptance and authentication software solutions, today announces the launch of Open mPOS. Open mPOS is a complete mPOS authentication platform that uniquely enables merchants, Acquirers and Payment Service Providers (PSPs) to deploy PIN on Mobile technologies without the need to undergo their own Software PIN on COTS (SPoC) PCI certification.

Open mPOS will provide a fully certified PIN on Mobile (PoM) solution that removes the complexity in achieving and maintaining PCI SPoC compliance, enabling Acquirers and PSPs to save time and money when deploying the latest mobile payments innovations.

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Money 20/20 Europe – What did We Learn?

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.

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Ingenico and Nexi test in Italy an innovative PIN-on-Mobile solution compliant with VISA and Mastercard requirements

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, will partner with Nexi, the Italian market leader in digital payments, to deliver a pioneering PIN-on-Mobile pilot in Italy before September 2018. Ingenico and Nexi aim to assess merchant and customer acceptance and prepare the future launch of an innovative solution promoting card payments through smartphone which is fully compliant with PCI requirements.

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Money 20/20 Europe, Amsterdam

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.

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Getting to Grips with “PIN on Mobile” Versus “PIN on Glass”

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.

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