End-to-end mPOS solution allows businesses to process payments for any card type
Thales, leader in information systems and communications security, announces that ROYALGATE, a leader in payment solutions, has deployed Thales payShield 9000 hardware security modules (HSMs) to secure its PAYGATE mobile point of sale (mPOS) solution allowing businesses to easily process secure card payments for magnetic stripe and EMV-compliant contact and contactless payment cards.
Micro-merchants, mobile businesses and tradesmen as well as larger business like restaurants, retail sites and event companies have been looking to take advantage of the explosion in card acceptance, leveraging cutting-edge mobile device technology. However, these businesses have lacked an easy-to-use, all-in-one solution that could convert any smartphone or tablet into a secure payment terminal. To solve this challenge ROYALGATE developed the PAYGATE card reader, which connects directly or wirelessly to any smart device and can read any type of card – magnetic stripe, contact chip or contactless chip.
To address their significant security requirements around cryptographic key generation and overall management, ROYALGATE chose Thales payShield 9000, a hardware security module designed specifically for the payments market. payShield 9000 with its built-in Derived Unique Key Per Transaction (DUKPT) capabilities, enabled ROYALGATE to securely generate and inject encryption keys into PAYGATE readers before being shipped to, as well as providing device application and back-end payments processing. Thales HSMs provide the high assurance cryptographic security critical to creating a PCI DSS certified end-to-end mPOS solution.
Keiji Umemura, CEO, ROYALGATE, says:
“Thales provided us with the strong security, cryptographic functionality and superior key management necessary for an end-to-end solution. We knew from the outset that security would be a significant challenge, but by deploying payShield 9000’s robust and proven technology, we were able to develop the PAYGATE solution more quickly and therefore reduce time to market. As payShield 9000 has all the major certifications and validations, it also enabled us to more easily secure the approval of the relevant card associations”
Ian Hermon, mobile payments specialist at Thales says:
“Mobile point-of-sale (mPOS) presents a huge opportunity for payments services providers (PSPs) who want to expand their merchant base and generate more revenue while limiting their liability. Thales technology allows PSPs to create a secure infrastructure for mPOS by integrating hardware-based encryption and key management capabilities. We are committed to accelerating the growth of the mPOS market and enabling more merchants to reap the benefits of lower cost and more flexible card acceptance. To this end, we have created an mPOS ecosystem including leading end-to-end solution providers such as ROYALGATE.”
Visit Thales on stand #4M 074 at Cartes 2013, Paris, to see mPOS in action and take part in live demos of our mPOS solution.
Thales is a world-class expert in secure transaction solutions for payments including payment processing, EMV issuance, mobile provisioning, mobile payments, mobile payment applications security evaluations and PCI DSS compliance. Thales payShield 9000 has configurations optimized for the mPOS ecosystem, certified to the PCI HSM security standard, simplifying PCI compliance for PSPs.