The white paper, now available for download, is entitled the “mPOS Security Evolution” and authored by PYMNTS.com. The paper explores the essentials of today’s Mobile Point of Sale (mPOS) systems, with security at the forefront of the discussion – including PCI-validated Point-to-Point Encryption (P2PE) for mobile payments, introduced in December 2014 by Bluefin.
According to ABI Research, the installed base of global mPOS devices is set to increase fivefold over a five-year forecast period, reaching the 51 million mark in 2019, or 46% of the overall POS market. However, a 2014 Authentic ID survey of 2,000 merchants, service providers, acquirers, card associations and issuers found that 32% view mobile solutions to be riskier than standard e-commerce offerings and state that fraud prevention specific to mobile is increasingly necessary.
PCI-validated P2PE encrypts cardholder data within a PCI P2PE approved point of entry device so it does not reach the merchant’s system or network as clear-text cardholder data – where it could be accessible to a fraudster in the event of a data breach.
Bluefin’s Mobile P2PE Solution became the first North American mobile solution to receive PCI validation in December 2014. Bluefin’s Mobile P2PE Solution interfaces with the company’s QuickSwipe mPOS system, utilizing Infinite Peripherals’ PCI P2PE approved Prima M mobile swipe device. Companies can choose to use the QuickSwipe Mobile P2PE Solution with an iOS phone or tablet, or they can choose the complete QuickSwipe mPOS solution, including the tablet stand, cash register and Bluetooth printer.
Additionally, Bluefin has developed a full suite of programmatic APIs, white label and SDK options, which will allow existing mPOS service providers to easily integrate QuickSwipe into their platform – and, in turn, offer their own branded, PCI-validated P2PE mobile solution to their merchants.
The paper delves into additional factors of today’s essential mPOS, including the need for seamless, scalable systems that also provide additional revenue-generating opportunities.
The white paper is available for download here and at next week’s National Retail Federation (NRF) Big Show. Visit Bluefin at Booth #526, January 11th – 13th, to learn more about our suite of P2PE solutions.