What Does Open Banking Mean For You?

PSD2 – The Second Payments Service Directive

Open Banking is here, in what has been described as ‘one of the greatest shake-ups in personal finance in years.’

The implementation of the revised Payments Service Directive (PSD2), on 13th January, is considered D-Day for payments but in reality, it is the beginning of an evolution across financial services for the benefit of the consumer. Read more

The Effect of Rising Fraud Levels on Consumer Trust

Earning Consumer Trust 

More than £1.7m a day was lost to financial fraud across payment cards in the UK last year. This news has inevitably had a negative impact on consumers’ trust in online banking and shopping.

For online merchants to increase their revenue, consumers must trust that their personal and payment details are secure at all times. This means merchants, banks, payment service providers (PSPs), acquirers and issuers’ technology must be secure. Read more


November 24th 2017, London, UK: MYPINPAD, a global leader in payments software authentication solutions, today announced a partnership with Datecs, a leading manufacturer and developer of innovative POS hardware, to deliver a PCI compliant PIN on Mobile (PoM) solution.

PIN on Mobile is a major advance in card payment acceptance technology for in-store transactions and is set to revolutionise the current merchant payments landscape. As an alternative to traditional hardware based terminals, MYPINPAD’s state-of-the-art PoM solution, MPES (MYPINPAD’s PIN Entry Solution), is a software based PIN pad solution that securely enables PIN authentication on consumer off-the-shelf devices (COTS), thus removing the need for a hardware PIN pad.

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Black Friday

At this time of year, retailers and consumers are gearing up for one of the most anticipated events in the retail calendar– Black Friday. Once reserved for just a day, Black Friday has evolved in to an almost week-long shopping opportunity, ending on Cyber Monday. Eagerly anticipated seasonal discounts start earlier each year giving consumers ample opportunity to grab a bargain.

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Is PCI About to Usher in the Age of PoM?

David Poole, Global Head of Mobile POS Solutions, MYPINPAD.  

Troy Leach, the Chief Technology Officer at the Payment Card Industry Security Standards Council (PCI SSC) recently announced the creation of a new, major, payment standard, designed to enable the secure entry of PIN in to merchants’ smartphones and tablets.

Expected to be published by the end of the year, the ‘PIN on Mobile’ (PoM) standard will provide a crucial benchmark for facilitating a software-based approach for protecting card PIN entered directly in to consumer-off-the-shelf (COTS) devices for payment authentication. Read more

Payments without PIN – ‘A Green Light for Fraud’

MPs and fraud prevention groups have recently raised concerns over the policies of some banks after an investigation found that in-store card payments were being accepted without a PIN. During the investigation by The Daily Telegraph, it was found that cardholders were able to make payments with just a signature, if they did not know their PIN.

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MYPINPAD Announced as a Payments Awards Finalist

MYPINPAD has been shortlisted for the ‘best in-store payments solution’ award at the prestigious Payments Awards for MYPINPAD’s PIN Entry Solutions (MPES). MPES is part of MYPINPAD’s Merchant Trust Solutions (MTS), developed to enhance and expand the current mPOS market.

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PIN – There’s a reason PIN is still here…

Last week Apple launched its most expensive iPhone ever, the iPhone X. However, things didn’t go smoothly for the tech giant during its first ever public demonstration. When Apple Executive Craig Federighi attempted to unlock the device using the company’s new Face ID feature, which scans a user’s face to ensure only they can unlock their phones, the attempt failed, promoting Federighi to input a traditional PIN code (and forcing him to switch to a backup phone). Read more

How will PCI Legitimise Card PIN Authentication on Mobile Devices?

The Payment Card Industry Security Standards Council (PCI SSC)’s Chief Technology Officer Troy Leach recently divulged news of a new payment standard; one that enables the secure entry of PIN into merchant’s smart devices. The organisation aims to publish the final version by the end of the year.

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Annual report: Consumer trust in the digital age

Last year, payment card fraud in the UK was estimated at £618m, with the global figure standing at $21.84bn. Because of this, banks, issuers, schemes, merchants and PSPs are taking significant steps to improve online security and reduce the risk of fraud.

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