Mosambee Receives India’s First Certification for Contact and Contactless Card Payment Transactions

UL, a global safety science company, announced that Mosambee, a payment solution company, is the first company in India to have their software-based personal identification number (PIN) entry product, commonly known as PIN on Glass, certified for compliance with the Payment Card Industry (PCI) standard.
PCI allows for contact and contactless card transactions with PIN entry on merchants’ mobile devices, such as smartphones and tablets, using a secure PIN entry application. In earlier point of sale (PoS) solutions, the PIN was entered on the payment terminals only. Mosambee’s solution supports all payment schemes including RuPay, Visa and Mastercard.

This ‘Made in India’ solution will be a plug-and-play option for many of the banks and acquirers already connected to Mosambee. It also helps enable small businesses to compete more effectively while enhancing overall customer service.

A wide network of subject matter experts from various geographies at UL’s PCI SSC recognized laboratories performed the PCI Security Standards Council’s (SSC) Software-Based PIN Entry on COTS (SPoC) testing requirements for the Mosambee solution. “We are proud that this certification enables India’s vision of a cash-lite society through expansion of payment acceptance infrastructure in India. The PCI certification helps local companies to develop innovative and smart payment devices and build trust in the security of payments. At UL, we continue to focus on building best-in-class testing platforms and compliance solutions to help bring more secure digital payment products to the market,” said Suresh Sugavanam, Vice President and Managing Director of South Asia and Sub-Saharan Africa at UL.

Source: IBEF