Dubai-based Swiftch, a payment securing the first Visa Ready and MasterCard self-certified mobile card payment acceptance solution for merchants and acquirers throughout the United Arab Emirates (UAE), is using the Thales payShield 9000 hardware security modules (HSMs).
UAE is highly developed in terms of IT infrastructure, internet and smartphone usage, and yet cash is still the predominant payment method. With Dubai being the host country for Expo 2020, the UAE government is driving an initiative aimed at achieving a cashless society by the time of the world fair. Using Thales hardware security modules (HSMs) to support end-to-end encryption of the payment data, Swiftch developed a highly secure mobile point of sale (mPOS) solution that allows merchants of all sizes to accept payments using just a standard smartphone or tablet and a low cost mobile card reader.
Thales HSMs are a critical component in securing Swiftch’s mPOS solution. Designed specifically for the payment industry, payShield 9000 HSMs secure devices running card issuing and payment processing applications.
The Swiftch application integrates payShield HSMs with mobile card readers from Miura to enable a point to point encryption (P2PE) zone to be established between the card acceptance point and the internet-based payment gateway.
Swiftch commenced operations in 2012 and developed Swiftch – a fully PCI DSS certified mPOS Solution integrated with a EMV Level 1 and Level 2 and PTS Certified Card Reader. Swiftch is also the first and only Visa Ready and MasterCard self-certified mPOS Solution in the Middle East.
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