MYPINPAD, the global leader in payment acceptance and authentication software solutions, has launched Open mPOS, 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.
The Payment Card Industry Security Standards Council (PCI SSC) has acknowledged input from the industry that mobile and tablet-based POS solutions are key enablers for the continued growth of card payment acceptance.
They recently released a standard for Software PIN entry into smart mobile devices. Software PoM opens the path to develop tablet and smart mobile-based payment solutions to increase card acceptance globally. Publication of the standard has generated high demand globally for SPoC certified solutions.
Recent industry reports forecast a CAGR in global mPOS solutions of more than 30% from now until 2025. With its Open mPOS release MYPINPAD is ideally positioned to satisfy this global demand.
Through an API, coupled with a MYPINPAD enabled Secure Card Reader, Open mPOS can be quickly integrated into a merchant’s existing payment applications and will be available through MYPINPAD and its distribution partners.
Open mPOS utilises MYPINPAD’s innovative payments platform to facilitate the entire payment process, significantly cutting the cost and time of bringing a certified SPoC solution to market.