November 30, 2013
In every transaction that is carried out, the main features that a customer looks for is the simplicity and security of the transactions. Mobile point of sale has a huge potential for customers and small & large businesses. Handpoint MPOS is one such solution which seeks to increase the security of transaction and also decrease the complexity.
Established over 13 years ago, Handpoint specializes in payments on smartphones, tablets and Handhelds, therefore enabling merchants to accept all card payments (EMV and NFC). Handpoint provides a complete end-to-end payment solutions covering mobiles, tablets, PCs and a fully PCI-DSS certified payment bureau for both settlements and authorizations. The firm has a global customer base with several high profile brands as its customers. Handpoint also provides white label payment solutions to other financial institutions and processes around 200,000 transactions daily through their systems, equating roughly to around $10 Bn.
Handpoint is the world’s first provider of mobile Point of sale to have a P2PE application certified by the PCI Security standards council (PCI SSC). The company offers a simple and secure way to accept EMV card payments with a mobile device.
Some features of Handpoint’s platform:
'P2PE represents a significant breakthrough for the enterprise mobile payments market. 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.' said David Gudjonsson, CEO and co-founder of Handpoint. '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 he added.
Handpoint seeks to partner with businesses in the US that are preparing migrating to EMV. Players like Visa Europe and others have welcomed the validation of Handpoint’ s application as a significant step in delivering point to point encryption solutions and are expected to further strengthen the ties.