Ellesmere Port, United Kingdom, October 10, 2012 --(PR.com
)-- HomePay is a handheld consumer payment terminal that cardholders can use with their existing Chip & PIN card for online shopping, and as a means of secure access to a wide range of online services such as banking and e-government. Secure Electrans have also developed the infrastructure required to deploy and support this next generation of online payment security, building on the multi-billion pound investment already made by the global payments industry in Chip & PIN technology.
An integrated suite of bespoke web, cryptographic, network management and payments processing services support HomePay, offering individuals secure online access to personal and financial data. This positions HomePay as the de facto secure gateway to any transaction processing network, financial or non-financial, that requires secure remote authentication of a consumer's identity.
"Achieving this global certification is a major milestone in our development of the end-to-end infrastructure to expand Chip & PIN from the physical world into the eCommerce and mobile channels," said Chris Jarman, Managing Director of Secure Electrans. “Our patented solutions are highly innovative and encompass the most recent advances in remote secure authentication, payment processing, and data security. Our HomePay device is now certified to the highest levels of PCI compliance, including point-to-point encryption to keep all cardholder data safe and secure. HomePay retains the form factor familiar to us all in today’s retail environment, using the same cards and PINs that we each use daily.”
Chris added: “With the growth of e-commerce continuing as a global success story, accounting for £68bn in sales in the UK alone last year, the commensurate rise in online card-not-present fraud makes this now the largest category of all forms of card fraud. Consumers will welcome the simplicity of this approach, no longer needing to remember multiple IDs, passwords and secret phrases. The industry will benefit from the extension of their existing capital investment in Chip & PIN to drive down ‘card not present’ fraud.”
Notes to editors:
1. Secure Electrans, based in Chester in the UK, develops and manufactures an innovative and secure range of personal payment terminals for use by cardholders. Founded in 1990, the company is privately owned, and funded with investment equity.
The company has also developed a supporting infrastructure of web services and database systems to support the deployment and operation of HomePay terminals for use in the home. All of these have been designed to meet the highest levels of security required by acquiring banks and payment systems.
2. The PCI Security Standards Council is an open global forum, launched in 2006, that is responsible for the development, management, education, and awareness of the PCI Security Standards.
The Council's five founding global payment brands -- American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc. -- have agreed to incorporate the PCI security standards as the technical requirements of each of their data security compliance programs.