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Global Accelerex transforms payment security to meet industry standards with MYHSM

By Pavithra R

January 27, 2021

  • Africa
  • MYHSM
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MYHSM, the global provider of Payment Hardware Security Modules (HSM) as a Service, has announced transforming payment infrastructure and security for Global Accelerex, a financial technology solutions provider based in Nigeria.

Founded in 2008, Global Accelerex provides leading digital payment solutions and services in developing economies within the sub-Saharan African region. To date, the firm supports over 90,000 merchants across 36 states in the country, in addition to 95% of Nigerian banks and has processed over 2 trillion transactions.

Global Accelerex was using a software security module (SSM) to perform its cryptographic functions and was experiencing compatibility issues when connecting to third parties using Hardware Security Modules. Furthermore, its software security module was located on the same system/server as its application which is against industry best practice. The firm to solve these challenges migrated to MYHSM’s Shared Live Service and achieved a secure switching infrastructure in just two months. 

“We’re delighted to share the success story so far with Global Accelerex. Historically, purchasing, managing and maintaining dedicated HSMs on-premise requires significant, on-going investment, time and resources. That’s why we’re excited to be leading the charge when it comes to changing the face of payments security, by offering cloud-based infrastructure consumed ‘as a service’ that allows our customers, such as Global Accelerex, to provide enhanced services and security that has a direct positive impact on their end users and satisfaction levels,” said John Cragg, CEO of MYHSM.

One of the key reasons the team at Global Accelerex chose MYHSM was the fast and efficient onboarding process which reduced the time to migrate and de-risked the whole project. The partnership enabled Global Accelerex to take advantage of MYHSM’s service with access to three payShield 10K HSMs located in 2 physically separate data centres ensuring service availability of 99.999%. 

“We knew MYHSM offered the right solution for us and would help us achieve speedy implementation in addition to the added level of security and compliance we were seeking. MYHSM quickly set us up with a development area for testing, which required minimal effort from our side. Once we completed testing, migrating to the live service was seamless, and the subscription pricing structure is ideal to support our rapidly growing business volumes. We look forward to the future of our partnership,” said Chief Information & Security Officer for Global Accelerex, Matthew Ani.

MYHSM is the global provider of Payment Hardware Security Modules (HSM) as a Service, delivering a secure, versatile, and scalable hosted payment solution in the cloud.

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