eService and Mastercard win the eDucat Industry Award using MYPINPAD solution

eService and Mastercard won the eDucat Industry Award at the 7th Cashless Congress, in the category ‘New product changing the non-cash payments market.’ The companies were awarded for the pilot roll-out of the innovative LitePOS solution using the ‘Pin on mobile’ technology. LitePOS, thanks to the connection of a smartphone with a compact card reader, enables secure PIN entry on merchants’ mobile devices. Until now, this solution was reserved exclusively for payment terminals.

‘The LitePOS project, one of the first solutions based on ‘PIN on mobile’ technology in the world, is an important step towards further dissemination of non-cash transactions, in particular card payments. It enables the creation of a fully mobile and, at the same time, very affordable device that will provide everyone – even the smallest entrepreneur – with safe and convenient acceptance of payments from customers,’ emphasizes Joanna Seklecka, CEO of eService.

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MYPINPAD LAUNCHES INNOVATIVE AUTHENTICATOR PLATFORM WITH AIMBRAIN TO ALLOW FINANCIAL INSTITUTIONS TO MEET PSD2 REQUIREMENTS

London, March 14 2019: MYPINPAD, the global leader in secure customer authentication solutions, has today launched an authenticator platform to allow financial institutions to freely develop PSD2 compliant solutions in a secure sandbox environment. The proposition is strengthened through a collaboration between MYPINPAD and AimBrain, a leader in biometric authentication for fraud prevention, the result being an unrivalled solution for banks and PSPs to seamlessly meet PSD2 requirements.

The MYPINPAD authenticator platform provides a secure enclave for financial institutions to rapidly, yet securely, design and implement Android and iOS payment applications via the MYPINPAD API. The net result is the ability to securely accept PIN entry on commonly available smart devices (such as phones and tablets) in an online purchasing environment that is compliant with PCI and scheme regulations.

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