RFI and Secure Electrans cooperate to bring Chip & PIN to the home
RFI Global Services Ltd, a UL Company based in Basingstoke, UK and Secure Electrans, an innovative payment solutions company based in Capenhurst, UK, today announce their strategic cooperation to enable a new secure channel for Chip&PIN payments.
RFI and Secure Electrans have signed a strategic agreement to obtain both comprehensive regulatory, payment sector and security approval enabling Chip & PIN transactions for the home using the Secure Electrans HomePay system.
Bringing this product to market involves a complex approval process, including obtaining EMVCo approvals, security evaluations for Pin Entry Devices, multiple payment system acceptance and global regulatory compliance.
This innovative solution leverages the multi-billion pound investment made by the global card schemes and their worldwide banks to enhance eCommerce transactions to include both Card and Cardholder Present authentication. Using consumers existing Chip&PIN cards and following the same retail payment experience, Consumers, Merchants and the Payment Sector gain from the security inherent in the trusted and certified transactions.
As a provisionally appointed Common Criteria laboratory under the UK CESG scheme and a key player in the payment security world, this project will be the first to undergo Common Criteria as part of our strategy to broaden our security services.
Chris Jarman, IT & Operations Director at Secure Electrans commented “RFI occupy a commanding position and great respect within the financial sector for their payments security and certification expertise. We believe this will be a crucial milestone in the delivery of our HomePay suite of products to extend the use of secure Chip&PIN payments to the home”
Jean-Luc Khaou, Head of Security and Payments at RFI added: “We believe that this agreement demonstrates the strength of the relationship between Secure Electrans and RFI, where both companies are cooperating in new areas of our business. This is the culmination of a close cooperation with Secure Electrans and establishment of this strategic relationship allows both parties to leverage the experience and expertise within the two organisations in payments, security and global approvals.”
Posted on 05/09/2011 by Secure Electrans