Payments software authentication provider MyPinPad is teaming up with Ingenico Group, a seamless payments provider, to deploy live pilots of PIN on Mobile (PoM) for small to mid-sized merchants and mobile transactions in Europe.
MyPinPad’s PoM product, called MPES, is being integrated with Ingenico’s payments solution and promises to deliver secure PIN authentication transactions via consumer-off-the-shelf devices, such as tablets and smartphones, according to a press release.
PIN on Mobile is an emerging technology that aims to enhance and expand the current mPOS market offerings. MPES is a software-based PIN pad that captures PIN entry and eliminates the need for a hardware-based PIN pad. That presents a lower-cost solution, according to the release.
“Ingenico is an ideal partner for our global PoM delivery. Their knowledge, understanding and reputation for securing payments is renowned globally,” David Poole, global head of mobile POS solutions at MyPinPad, said in the release. “Together, we have produced a pioneering payment solution that is designed to meet scheme requirements. We know that ubiquitous smart devices have a significant role to play in powering the growth of card acceptance points and we expect to lead that drive. PoM has the potential to become the most widespread form of face-to-face payment authentication.”