MYPINPAD and AimBrain partner to deliver a fully compliant PSD2 Strong Customer Authentication Service

Providing a frictionless and secure checkout experience for the consumer

The revised Payment Services Directive (PSD2) is being introduced on September 14th 2019 which will demand Strong Customer Authentication (SCA) for online payments across Europe. This has significant consequences for any financial organisation with banking apps, digital wallets, and/or ecommerce sites.

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MYPINPAD attends PCI India, Money 2020 Asia, and Digital Cambodia 2019

Asian Payments Events

Some of the fastest growing companies in the world are based across Asia-Pacific, and there’s an increasingly significant presence of innovative payment companies in the region. That’s why our Global Head of Mobile Solutions, David Poole, and Head of Asia Pacific, Morten Hofstad, were keen to attend some of this year’s most exciting fintech events in APAC. In quick succession, they attended the PCI Forum in India, Money 20/20 Asia, and Digital Cambodia. In this blog, we explore the key takeaways from the three events.

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Merchant Payment Ecosystem and Mobile World Congress 2019

European Payments Events

Our Head of Marketing, Nigel Dean, had a busy February attending both Merchant Payment Ecosystem (MPE) and Mobile World Congress (MWC) in quick succession. Here, we explore the key takeaways from both events.

Merchant Payment Ecosystem 2019

Hosted in Berlin, the MPE conference and exhibition has built a solid reputation over the last 11 years as one of the core events in the payments event calendar. Attended by 1000s of professionals, the three-day event helps decision makers, stakeholders and other interested parties shape and drive the payments ecosystem.

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Tha’s lush, that is – living and breathing the tech scene in Wales

Significant investment for Wales’ top tech talent

A recent KPMG Venture Pulse survey found that businesses in South Wales received investment of more than £55m in 2018. Of the 29 beneficiaries, 13 neighbour our office in TramShed Cardiff.

The entrepreneurial spirit of the city and surrounding areas is testament to the top tech talent in the area. Welsh companies boast a whole host of expert staff occupying skills in every niche of the tech sector that rival some of the areas more synonymous as ‘tech hubs’. As a result, the 44,000-strong digital workforce, has contributed a staggering £8.2 billion to the Welsh economy. 

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What Is Next for Payments in 2019?

Last week’s blog focused on some of the stand-out payments events from 2018. This time, we’re future gazing and looking at some of the payment trends which we might see this year.

The implementation of PSD2

Multi-factor authentication has hit the top of the payments industry agenda over the last year thanks to PSD2 and the drive to create a common standard for online payment security. The official deadline for complying with the Regulatory Technical Standard is 14th September 2019. As a result of the implementation, traditional banks are being forced to share customers’ data and will therefore no longer be considered a one-stop-shop for managing money.

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Relationship Status: Committed to PIN on Mobile

One year on from the PIN on Mobile Event

This week, while the rest of the world celebrated Valentine’s Day, we marked the first anniversary since our PIN on Mobile event.

A whole year has flown by since we proclaimed our love for the technology. On February 14th 2018, the event was hosted with PCI SSC and Consult Hyperion at Level 39 to raise awareness of PCI’s new SPoC standard and explored its impact on the retail and payments industry.

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Reflecting on the stand-out payments events from 2018

2018 was a tumultuous year for the UK payments industry, with new regulations such as PSD2 driving innovation and changing the way we pay for goods and services. We look back on some of the most significant payments highlights from last year.

Introduction of the PCI standard

The key development of the last year was the introduction of the new standard from the Payment Card Industry Security Standards Council (PCI SSC) for Software-Based PIN Entry on COTS (SPoC). With this in place, the path is now open for Consumer-off-the-Shelf (COTS) devices to be harnessed by the payments industry, as a cost-effective and secure alternative to the traditional single-purpose payment terminal to further increase card acceptance points around the world.

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Exploring the future of POS with our new Head of Marketing

Marketing the Next Generation of POS

Last month, we welcomed Nigel Dean, as our new Head of Marketing. Nigel has over 30 years’ experience in the payments and automotive industries and has previously held senior level positions at market-leading point-of-sale providers including Racal, Thales and Spire Payments.

Throughout his impressive career he has been involved in propagating pivotal payment technologies – such as remote terminal deployment and management, traditional POS, mPOS, SmartPOS, and most recently the mobile ecosystem leveraging secure consumer authentication on Consumer off the shelf (COTS) smart devices.

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How 2018 put MYPINPAD in great shape for the next 12 months

2018 was a pivotal year for MYPINPAD – a year that helped shape the company and lead us to become the global leader in payment acceptance and authentication software solutions. Over the last 12 months we have seen success in various ways; game-changing industry regulations coming into practice, piloting our innovative PIN on Mobile (PoM) technology with global brands, and the announcement of our £15million funding success.

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Meet the Team – Neal Hindocha

Chief Security Officer (CSO)

The first in our new series, ‘Meet the MYPINPAD Team’ we are delighted to introduce Neal Hindocha who joined us earlier in the year and has a 20-year career background in international IT security, working in research, product development, network security, consulting services and management.

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