MYPINPAD secures PCI SSC certification for contactless payments solution

By Megha Bhattacharya

Personal authentication services provider, MYPINPAD announced that it has received Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android-based Contactless Payments on Commercial off-the-shelf (CPoC) solution. The company is the first to be globally certified for accepting contactless payments on smart devices without the need for additional hardware. This certification follows the company’s recent PCI SSC SPoC certification for its software-only PIN Entry solution for iOS and Android.

Colin Greene, CEO of MYPINPAD, commented, “With each new accreditation we get closer to the true democratisation of payment acceptance. This ultimately means more secure digital payment experiences for merchants and consumers worldwide. That’s why we are delighted to be the first company in the world to have achieved PCI certification for our contactless solution, especially after our recent announcement of being the first to achieve PCI accreditation for our PIN-entry software-only solution on IOS and Android.

“By increasing access to lower-cost, highly secure and innovative globally certified payment solutions for the industry and our partners, we promote both growth and financial inclusion.”

The company states that the development will benefit the retailers and service providers with access to a lower cost and secure PCI certified contactless solution. MYPINPAD aims to future proof retailers from the pandemic’s long term effects via its flexible face-to-face payment system. It expects to help drive mobile device acceptance exponentially from 100 million currently to over 400 million by 2024.

Blake Rosenthal, Executive Vice President of Acceptance Solutions at Mastercard, added, “Consumers and merchants are looking for fast, safe, and secure checkout experiences,” “MYPINPAD’s PCI accreditation is a key milestone to the growth, diversification, and scale of contactless payment solutions, increasing speed at checkout and reducing operational costs by eliminating all hardware accessories.”