Thales, and Spire Payments announced a strategic relationship to deliver an integrated mobile payment solution.

The stake here is to deliver an integrated mobile payment solution enabling merchants to adopt mobile point of sale (mPOS) systems that fully support PIN based transactions, including the use of EMV chip cards.

In fact, Connectikpeople has observed that, the combined solution from Spire and Thales aims to deliver an easy to deploy, low cost, portable
card acceptance solution with strong end-to-end security.

This means, micro merchants such as market stall traders and home repair tradesmen, who have traditionally been forced to rely on cash only, can now accept card payments using their smartphone or tablet.

Connectikpeople may recall that :

• PosMate™Smart from Spire is a chip and PIN mPOS terminal that allows merchants to accept card payments securely in a mobile environment by connecting to any smartphone or tablet via Bluetooth. PosMate™Smart is certified to EMV level 1 and 2 and compliant to PCI PTS 2.0 SRED, delivering the same security as familiar in-store point of sale terminals
• 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
• With the Spire and Thales solution compliance with payment system rules is focused solely on the card reader , everything else in the communication path between the merchant and the PSP is out of scope for security audits, enabling PSPs to on-board new merchants at minimal cost
• Through the integration work performed by Spire 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

You can learn more about the Thales mPOS ecosystem in this whitepaper mPOS: Secure MobileCard Acceptance: more cards, more volume, less cash.