|[February 12, 2013]
Thales and Miura Help Reduce the Cost of Mobile Payments
BERLIN --(Business Wire)--
leader in information systems and communications security, and Miura
Systems, announce an integrated mobile payment solution that enables
merchants to adopt mobile point of sale (mPOS) systems that fully
support PIN based transactions, including the use of EMV chip cards.
For years, smaller merchants such as market stall traders, home repair
tradesmen and even charities have been excluded from the world of card
payments and forced to rely on cash. To address this need, solutions
that utilize smartphones to accept payments using traditional magnetic
swipe cards and signatures have become firmly established. However,
these merchants have had no simple means to step up to the advantages of
accepting PIN based transactions and chip based EMV payment cards, until
now. The combined solution from Miura and Thales (News - Alert) not only enables
merchants to take advantage of the inherent security qualities of these
technologies to reduce fraud and simplify compliance, they also qualify
for reduced interchange fees which directly benefits their bottom line.
The use of PIN based transactions and EMV cards requires a level of
security that has (largely) prevented their use in the context of
mobile payments since smartphones cannot be certified to the
appropriate standards (PCI (News - Alert) PTS).
The ultra-portable Miura Shuttle mPOS terminal is a convenient, low
cost card reader and secure PIN pad that connects to any smartphone or
tablet via Bluetooth or WiFi (News - Alert) to deliver the same security and
certifications as familiar in-store point of sale terminals.
Any payment system relies on end-to-end protection of the transaction
from the customer terminal right through to the payment processing
infrastructure. Thales has worked with Miura to protect that back-end
infrastructure via interoperability with the Thales payShield 9000
hardware security module (HSM).
The Thales payShield HSM is specifically designed to support all forms
of card based transactions and includes enhanced support for key
management for mPOS terminals and encryption of cardholder data.
Payment Service Providers (PSPs) can offer merchants a broader range
of mobile acceptance solutions that now extends to the most secure
card types and cost effective transaction models. Furthermore, by
adopting the Point to Point Encryption (P2PE) capabilities provided by
Miura and Thales, PSPs can help merchants to significantly reduce the
scope of their PCI DSS compliance obligations.
Through the integration work performed by Miura and Thales, merchants
and PSPs are able to take advantage of proven interoperability and a
rapid deployment toolkit to quickly and simply provide their customers
with a wider range of payment options and take advantage of the lowest
cost transaction model available.
Jeremy Gumbley, Chief Technology Officer at CreditCall says:
"Our CardEase Mobile application enables affordable on-the-go payments
with an easy-to-use secure application. The proven interoperability of
the Miura and Thales solution allowed us to both rapidly and confidently
build our secure mobile credit card processing solution for chip and
Andrew Hodges, Chief Technology Officer at Miura says:
"Thales's extensive expertise and resources in the payment market made
them a great partner to deliver the high assurance payment processing
for our mobile acceptance solution. With this joint offering, PSPs can
satisfy their compliance obligations and create a secure, yet flexible
and easily managed mPOS infrastructure."
Ian Hermon, mobile payments specialist at Thales e-Security says:
"Mobile acceptance has seen tremendous growth globally over the past
year, but there has remained a gap between the payment options available
at fixed, in-store point of sale terminal and mobile devices.
Furthermore, the fact that mobile acceptance devices have lacked the
appropriate security technologies to qualify for lower fee structures
has penalized smaller merchant that are accepting card payments for the
first time. As a payment technology leader, Thales is working with
innovators such as Miura to close that gap by delivering the same high
levels of security to the mobile world as have become commonplace in the
traditional in-store fixed terminal environment."
Miura Systems is a member of the Thales Alliance for Solution and
Application Providers (ASAP) program. Thales partners with leading
technology companies and systems integrators to meet the data security
needs of security-conscious organizations around the globe. The ASAP
program develops technical partnerships to ensure that Thales solutions
integrate seamlessly with leading applications and hardware, making it
easy to deploy best practice security solutions.
Visit Thales on stand #16, Merchant Payments Ecosystem Conference,
InterContinental, Berlin, 12-14 February 2013.
For industry insight and views on the latest key management trends check
out our blog www.thales-esecurity.com/blogs
Follow Thales e-Security on Twitter
About Thales e-Security
Thales e-Security is a leading global provider of data encryption and
cyber security solutions to the financial services, high technology,
manufacturing, government and technology sectors. With a 40-year track
record of protecting corporate and government information, Thales
solutions are used by four of the five largest energy and aerospace
companies, 22 NATO countries, and secure more than 80 percent of
worldwide payment transactions. Thales e-Security has offices in
Australia, France, Hong Kong, Norway, United States and the United
Thales is a global technology leader for the defence & security and the
aerospace & transport markets. In 2011 the company generated revenues of
€13 billion with 67,000 employees in 56 countries. With its 22,500
engineers and researchers, Thales has a unique capability to design,
develop and deploy equipment, systems and services that meet the most
complex security requirements. Thales has an exceptional international
footprint, with operations around the world working with customers and
local partners. www.thalesgroup.com
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