Mypinpad, a payments software authentication solutions provider, has forged a partnership with Datecs, a manufacturer and developer of POS hardware, to deliver a PCI compliant PIN on Mobile (PoM) platform.
As an alternative to traditional hardware based terminals, Mypinpad’s modern PoM solution known as MPES (Mypinpad’s PIN Entry Solution) operates as a software-based PIN pad solution.
Mypinpad’s MPES technology will be integrated into Datecs’ Secure Card Readers (SCR), to provide merchants with a low cost, PCI compliant PoM payment acceptance solution.
The new technology securely facilitates PIN authentication on consumer off-the-shelf devices (COTS), which eliminates the need for a hardware PIN pad.
Besides improving and expanding the global mPOS market offering, the new technology will also create and drive sale volumes for SMEs who are currently not able to accept card payments.
Datecs CEO Pencho Iliev said: “We are delighted to partner with MYPINPAD; the organisation has been at the vanguard of championing and preparing for PoM and is paving the way in software-based payment authentication. Their knowledge and understanding of the PoM landscape is vital for payment solutions provider adoption, thus helping merchants of all sizes increase their bottom-line.”
Mypinpad global head of mobile PoS solutions David Poole said: “Datecs share our passion for payment innovation and security. Together, we are seeking to provide one of the first PCI approved solutions.
“By removing high cost barriers to entry for SMEs we expect to assist the exponential increase in the number of global acceptance points over the next five years. In addition, merchants of all sizes can transform their in-store payment experience and drive an increase in their ROI.”