In September 2024, Market Pay reached a significant milestone in mobile payment acceptance by obtaining the PCI MPoC Software Vendor certification for its SoftPOS solution. This achievement reflects the company’s commitment to providing secure and innovative payment solutions that comply with the highest international standards.
What is the PCI MPoC Software Vendor Certification?
The PCI MPoC (Mobile Payments on Commercial off-the-shelf) standard, introduced in November 2022, aims to regulate solutions that allow merchants to accept contactless payments or PIN-based transactions via smartphones or other COTS (Commercial off-the-shelf) devices. This certification ensures transaction security and facilitates the large-scale adoption of SoftPOS technology.
A key feature of this certification is its modular approach, which allows individual components to be certified, offering unmatched flexibility for acquirers and merchants.
Houssem Assadi, Managing Director Financial Institutions at Market Pay, explains: "At Market Pay, we believe that security is a fundamental prerequisite for the widespread adoption of our innovative solutions by our clients. This certification strengthens our position as a leader in payment acceptance by offering reliable solutions tailored to our clients' needs."
Why Choose the “Isolated SDK” Approach?
One of the key principles of the PCI MPoC standard is the ability to certify SDKs as either “isolated” or “non-isolated.” Market Pay has opted for the isolated SDK, considered the most secure option. This choice ensures that sensitive payment data remains isolated from the rest of the application, thereby reducing potential vulnerabilities.
Houssem Assadi, Managing Director Financial Institutions at Market Pay, states:
"With this certification, we provide our clients with a solution that combines compliance, innovation, and top-level security. The isolated SDK is a decisive step in ensuring a secure and easy-to-deploy payment acceptance experience while minimizing integration and certification efforts for our clients."
Pioneering Achievements
Market Pay is proud to be among the first global players to obtain PCI MPoC Software Vendor certification with an isolated SDK.
Here are some key milestones in our journey:
- March 2021: Obtained Visa and Mastercard pilot certifications.
- February 2022: PCI CPoC certification.
- September 2024: PCI MPoC Software Vendor certification with an isolated SDK.
This journey demonstrates our continuous commitment to being at the forefront of mobile payment innovations. By completing the PCI MPoC certification, Market Pay paves the way for broader adoption of SoftPOS solutions across Europe and beyond.
Next Steps
Obtaining this certification is just one step in our strategy. Market Pay is now aiming for PCI MPoC Solution Provider certification, which will allow our white-label solution clients to benefit directly from our compliance without additional certification processes.
Additionally, we will adopt version 1.1 of the PCI MPoC standard, published in November 2024, to ensure even more efficient solutions.
Market Pay: A Pioneer in Payment Acceptance
With the PCI MPoC Software Vendor certification, Market Pay reaffirms its role as a pioneer in the payment acceptance industry. By leveraging high security standards and cutting-edge technology, we continue to support our clients in their digital transformation and in simplifying the payment experience.
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