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Last updated on April 23, 2014 at 10:32 EDT

Handpoint Is World’s First PCI-Accredited P2PE Mobile POS Application

June 6, 2013

CAMBRIDGE, England, June 6, 2013 /PRNewswire/ –

Handpoint, the mobile payments company [http://www.handpoint.com ], is the world’s
first provider of Mobile Point-Of-Sale (MPOS) solutions to have a P2PE application
certified by the PCI Security Standards Council (PCI SSC).
[https://www.pcisecuritystandards.org/approved_companies_providers/validated_p2pe_applications.php ]

Handpoint MPOS offers any merchant, from market traders to multinational retailers, a
simple and secure way to accept Chip and PIN card payments with a mobile device. Following
months of independent testing and auditing, Handpoint’s MPOS application has been PCI P2PE
certified.

“P2PE represents a significant breakthrough for the enterprise mobile payments
market,” says David Gudjonsson, CEO and co-founder of Handpoint. “We have utilised P2PE to
overcome the barriers that have prevented enterprise retailers in Europe from embracing
mobile payments; namely concerns over security, compliance and integration. Handpoint’s
PCI-accredited MPOS application reduces the burden on enterprise retailers to gain
individual PCI accreditation, in terms of cost and time, and represents the most secure
way to introduce Mobile Point-Of-Sale.”

This is an important step towards a change in the way enterprise retailers comply with
PCI standards. Enterprises will soon be able complete a simple self-assessment form – in
the same way as small and micro merchants – rather than undergo regular security
certification audits. This new approach to compliance represents a significant saving for
enterprises; eliminating the need for costly PCI accreditation and annual auditing.

P2PE means that no payment card data is stored in retailer’s own systems ensuring that
security-levels are maintained and any risk of fraud or data-loss is minimised. The
PCI-certified P2PE application sits on the EMV I+II and PCI-PTS v.3x (SRED) accredited
Handpoint card reader, and not on a smartphone or tablet. The system immediately encrypts
card data on the card reader and transmits it via Handpoint’s PCI-compliant Gateway. This
architecture takes the smartphone or tablet payment application out of scope for further
certifications.

Colin Whittaker, Vice President, Visa Europe said, “Mobile POS is an exciting new
sector with huge potential for customers and small and large businesses. The secure
management of payment data is critical for its success, which is why we require our
partners to comply with PCI. Solutions like Handpoint’s help make PCI compliance
achievable for a wider range of retailers. We welcome the validation of Handpoint’s
application as an important step on the road to delivering point to point encryption
solutions, which can give customers and merchants security and peace of mind. We will
continue to work with trusted partners and vendors to drive MPOS forward in the future.”

David Gudjonsson continues, “Processing card payments on smartphones and tablets
themselves is simply not secure enough for the enterprise market. P2PE enables us to
provide a robust mobile payment solution, on PC and on mobile, in complex and demanding
enterprise retail environments.”

Follow us on Twitter at @HandpointLtd

        For more information, please visit http://www.handpoint.com and 

http://www.foregenix.com

        Media enquiries: Laura Snipe, Nelson Bostock Communications
        t. +44(0)20-7229-4400
        e. handpoint@nelsonbostock.com

SOURCE Handpoint


Source: PR Newswire