MYPINPAD (“MPP”), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based PIN entry on a Commercial off-the-shelf (SPoC) solution –the first software only Android SPoC solution that does not rely on any hardware-based security. This makes the company the first to achieve a software only SPoC accreditation to enable secure payments on both Android and iOS devices.
The bar is set very high to meet PCI’s SPoC requirements, and MYPINPAD’s solution has succeeded in passing them, enabling it to now work on any Android device operating v8.0 and above. Mobile devices running the Android operating system hold 87 per cent share of the global market, creating an expansion at scale for the deployment and adoption of MYPINPAD’s PIN on Mobile Solution MPP mPOS.
The news comes shortly after MYPINPAD became one of the world’s first companies to achieve SPoC certification for iOS. With both PCI accredited software only SPoC certifications, MYPINPAD is set to deploy its secure and accessible solution globally in all major continents this year, enabling everyday smartphones and tablets to replace traditional Point of Sale terminals and PIN entry mPOS devices.
Now that PCI SSC SPoC approval has been obtained for both Android and iOS operating systems, MYPINPAD is already working to achieve PCI certification for Contactless Payments on Commercial-off-the-shelf devices (CPoC). MYPINPAD’s goal is to drive mobile device acceptance exponentially from 100 million currently to over 400 million by 2024.
Newly appointed CEO at MYPINPAD, Colin Greene, commented: “We’re leading this complex field of mobile security, so we’re incredibly proud to be the first company to have achieved a software only SPoC certification for both Android and iOS. To get to this point has been the product of seven years of innovation and hard work, and we are really looking forward to now deploying our technology together with our key partners.
“With Android and iOS operating systems occupying virtually all of the smart device global market share, we can now move forward with the expansion, at scale of mobile device use for PIN entry. This is a great example of how innovative tech solutions can help level the global playing field when it comes to payment services. We also look forward to unveiling our CPoC accredited solution later this year – watch this space.”
MYPINPAD’s solution is easily integrated into third party applications and delivered ‘as-a-Service’. It significantly reduces cost across the entire face-to-face payment value chain by meeting PCI security standards through software updates alone. This relieves pain-points for the smallest retailers while also serving larger retailers by freeing them from maintaining and replacing aging hardware-centric POS estates.