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FIME Releases White Paper to Advise mPOS Manufacturers

Paper offers a ‘how to’ guide to help mPOS manufacturers bring solutions to market.

For the mobile point-of-sale (mPOS) market to achieve its full potential, establishing the right blend of innovation, consistency of user experience, security and interoperability is key. This is the view expressed by FIME, a trusted provider of consulting services, certification and test tools, in its latest white paper published today. The document provides a guide to the intricacies of mPOS functional and security testing to promote the successful and efficient launch of mPOS solutions across the industry.

Entitled ‘mPOS: Transforming the Card Payments Industry’, the paper delivers recommendations on how an mPOS solution can be successfully brought to market by having a full understanding of the testing and compliance process. It analyses how mPOS terminals are revolutionising the payment acceptance infrastructure, before highlighting how the features that make devices portable and convenient also create challenges when readying them to accept payments.

Compared to a traditional POS payment acceptance terminal, all the components of an mPOS solution can be disparate, such as the user interface, PIN pad and card reader. These differences, coupled with the constantly active nature of a fully integrated mPOS device with 3G/4G capability, or a mobile handset which is being used as a payment terminal, cause further complexities. For mPOS manufacturers entering the market, these challenges represent a barrier to launching products quickly and successfully. The document goes on to deta

il a number of requirements that the payments market is currently adopting in order to achieve a unified and global approach. This will not only ensure worldwide interoperability, which is something the payment community is striving for, but also helps to reduce the commercial cost of product development.

FIME states that with the variable and continually advancing elements that make up an mPOS device, staying up-to-date during the development lifecycle will be essential. “To launch a payments acceptance solution, a device has to prove it is fit-for-purpose; interoperable, secure and user friendly. As soon as the design phase starts, mPOS manufacturers need to work closely with the functional compliance and security ecosystems to ensure their platform aligns with requirements and will launch successfully. Any knowledge gap that would appear at the end of the design phase, could become costly and delay the fime.com launch of the solution,” comments Christian Damour, Security Business Line Manager at FIME and author of the white paper.

FIME recommends that mPOS testing should be addressed in three key stages:

  • Scoping – This is undertaken to assess what security requirements are applicable to the device.
  • Pre-assessment – This stage is designed to review all of the documentation in order to evaluate the device’s security.
  • Security evaluation – Undertaken by a PCI SSC accredited laboratory, it includes a documentation review, source code review, penetration testing and an estimation of the hardware and software’s resistance to attacks.

FIME is working with EWA-Canada to deliver mPOS functional and security testing to the payments community and telecom sector. With expertise in both markets, FIME can support mPOS manufacturers throughout the product development phase as well as in identifying functional and security testing requirements, and achieving formal product approval. To find out more, download the paper free-of-charge from the FIME website: https://www.fime.com/whitepaper/mpos.

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