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Cambridge: Thales, leader in information systems and communications security, and MagTek, a leading provider of secure transaction technology to the payment card industry, announce an integrated open source mobile payment solution that turns a merchant smart phone or tablet into a highly secure mobile payment system, allowing acceptance of credit or debit card payments anywhere.

 

The combined solution from MagTek and Thales delivers an easy to deploy, low cost, portable card acceptance solution with strong end-to-end security. Thales payShield 9000 hardware security modules (HSMs) deployed at the payment gateway integrate with MagTek’s DynaPro card acceptance device to establish high assurance point-to-point-encryption (P2PE). Payment Service Providers (PSPs) can now take advantage of the proven interoperability to develop their own mobile point of sale (mPOS) applications and provide merchants with a flexible, low cost mobile acceptance solution.

Steve Poulston, Managing Director, Europe at MagTek says: The industry is migrating towards P2PE and PSPs are busy defining their roadmaps. Thales is a long-term partner and, like us, has extensive expertise in the payment industry making them an ideal partner to provide the high assurance payment processing at the payment gateway. MagTek’s next generation, Open Source P2PE hardware devices along with Thales payShield 9000, provide independent PSPs with a comprehensive proven P2PE solution on which to base their mPOS offering.”

Ian Hermon, mobile payments specialist at Thales e-Security says: “Not many people in the payments industry anticipated the tremendous growth globally that mobile card acceptance has seen over the past year. A key enabler behind this innovation is the use of encryption. Although encryption has been used to protect PINs for many years it is now being deployed to ensure that payment data is protected right from the moment of capture. This opens up a new level of flexibility for both merchants and PSPs because data can now be routed through untrusted devices and across untrusted networks such as mobile phones. As a payment technology leader, Thales is working with innovators such as MagTek to deliver the same high levels of security to the mobile world as have become commonplace in the traditional in-store fixed terminal environment.”