iRemotePay mobile
Payment Data Systems (PYDS), an electronic payment solutions provider, is partnering with Futurex to deploy it Excrypt SSP9000 hardware security module for end-to-end encryption of its soon to be released iRemotePay mobile application (view press release). iRemotePay is a wireless mobile payments application for iOS that processes credit card and ACH payments over wireless networks and enables the merchant to view the transactions while away from the office.
The Excrypt SSP9000 hardware security module is compliant with current and emerging audit requirements. Sensitive cardholder data is encrypted at the point of capture by the iRemotePay mobile application and decrypted by the Excrypt SSP9000 behind a secure boundary for end-to-end protection.
“After an exhaustive market search of encryption devices and methods, we believe Futurex provides the greatest capability to assure our iRemotePay customers that they have the best-in-class security and end-to-end encryption,” said PYDS CEO, Michael Long.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
