myPINpad
Media Pack
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What is myPINpad?
“myPINpad is the world’s first consumer authentication company set to solve
multi-channel and multi-factor security via the Cardholder PIN.”
myPINpad was founded in 2012. It is managed by an alliance of payments industry leaders.
The myPINpad solution is a transformational self-hosted platform, or SaaS, which delivers secure Cardholder
PIN authentication on unsecured electronic devices such as mobile phones, tablets and personal computers.
T
he myPINpad solution optimises security around the payment process while increasing cost effectiveness
by reducing risk and fraud. Crucially in the digital world of today, myPINpad technology preserves the
consumer experience with a familiar and globally accepted authentication process.
“myPINpad will become the most trusted authentication solution for the secure
entry of consumer credentials and payment information across all channels.”
The technology behind myPINpad acts as a bridge between existing technology in the client’s network
and new technologies, making it an inexpensive integration for merchants and service providers alike. For
end users myPINpad is extremely simple to use via secure Cardholder PIN entry directly on their digital or
mobile device, something which has until now not been possible.
Because the system is so simple to use, it can increase both revenue and return of investment for acquirers,
issuers, schemes, merchants, processors and other key members of the payment processing ecosystem.
myPINpad has global capabilities across multiple markets and sectors, including: payments, retail, banking,
financial services, healthcare, travel and gaming.
T
he myPINpad headquarters are based at L39 at Canary Wharf, London with operations in in Cardiff and
the Asia-Pacific region.
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Quick Questions & Answers
Q. What was the inspiration for myPINpad?
A. A s technological developments begin to out-pace security legislation, the importance of creating solutions that
guarantee the authenticity of end-users grows. myPINpad has designed a simple but effective authentication
platform, initially focused on the existing Cardholders PIN, that utilises existing consumer behaviour across
sectors, devices and channels, yet fully meets all known best security practices and regulations.
Q. What sets myPINpad apart from other payment solutions?
A. The myPINpad solution is simple, technology agnostic and facilitates access to new markets and transitional
routes to breakthroughs in the application of identity management. The technology is low cost to embed
and scalable to client’s transaction throughput. One of the most crucial benefits of myPINpad is that it can
actually reduce fraud and the costs of associated losses.
Q. Why should a business integrate myPINpad?
A. myPINpad can mitigate payment fraud, reduce fraudulent chargeback costs, open new markets, and
enhance end-user experience thereby increasing both revenue and customer retention. myPINpad is
seamlessly integrated into existing networks using existing standards, protocols and APIs.
Q. Who are the team behind myPINpad?
A. The collective financial industry experience of the myPINpad leadership team spans well over 100 years.
The team’s expertise covers a wide spectrum of banking, security and payment technology especially in
authentication of transactions and compliance with industry regulations such as PCI. In an era of exciting
technological change, this wealth of knowledge brings critical know-how and market credibility to identifying
and applying innovative solutions that enhance and work seamlessly and with the most widely used and
trusted authentication processes.
Q. Why should your audience know about myPINpad?
A. myPINpad technology will become the global standard for consumer authentication in the next 5 years.
Our solution is built for the digital age and will solve a myriad of long-standing security issues relating to
user authentication. This will enable more businesses to flourish and maximise potential across channels
and geographies.
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Quick Questions & Answers (cont.)
Q. What are the benefits of myPINpad to their clients?
To Schemes and Issuers myPINpad is an authentication platform to enable secure branded card usage
via mobile and other digital environments, whilst offering the familiar, convenient and optimised user
experience of Cardholder PIN authentication.
To Acquiring and PSP Community myPINpad will reduce risk in transactions by enabling them to be
authenticated via the most widely used, industry trusted and widely deployed method: Cardholder PIN.
This will in turn enable greater transaction volume, cut costs and add to the value of those merchant
services delivered by acquirers and PSP’s.
To mPOS providers myPINpad is an mPOS enabler. Solving fraud issues at source by providing simple and
secure authentication via advanced PIN technology, removes uncertainty and protects against chargebacks.
Not having to purchase or maintain a dedicated PED reduces costs and removes complexity.
To the Merchant Community the myPINpad solution enables the extension of the most industry trusted
and widely used authentication process, Cardholder PIN, to digital/on-line commerce, thereby mitigating
the high risk and chargeback rates associated with this channel. In addition, the optimisation of the process
for mobile will reduce abandonment rates associated with frustrated customers unable to complete
transactions on their smart phones and tablets. Combined, these benefits result in more successful sales,
less risk of loss through fraud and lower administration costs for merchants.
To the Technology providers and resellers myPINpad facilitates technological innovation across sectors
and channels, complementing emerging authentication methods and opening up new markets as well as
providing significant cross-sell / up-sell opportunities into existing client bases.
To the Corporate Community myPINpad is the world’s first company set to deliver universal consumer
authentication by bridging the popularity of PIN with multiple secure identity authenticators.
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myPINpad at a glance
The myPINpad
proprietary
technology
is ready for
deployment
myPINpad provides
a bridge between
the tried and
industry trusted
Cardholder PIN
authentication
process and the
mobile technology
revolution
myPINpad
can work with
all current
payment
methods
myPINpad
complements
and enhances
the existing
process of 3DS
myPINpad offers
seamless system
integration and
is completely
scalable to clients
demands
myPINpad has
offices in London
and Cardiff, with
operations in New
Zealand, Australia,
China and
Hong Kong
The myPINpad
leadership
team has over
100 combined
successful years
of experience in
payments and
security
myPINpad has
been successfully
funded. As the US
implements EMV
and PIN in 2015
there will be a
natural expansion
of myPINpad into
the US
The solution has
global capabilities
across multiple
markets and
sectors, including:
Payments,
Retail, Banking,
Financial Services,
Healthcare, Travel
and Gaming
Created by
Introducing the myPINpad team
Philip King, Executive Chairman & CEO (Australian based)
Philip is a senior executive in a diverse range of businesses for over 35 years. He has
substantive payments industry experience and has held technology and business
leadership and consulting roles in some of the world’s leading financial services
institutions in the UK, Europe and South Africa. He has built several internationally
successful businesses.
In 2008 Philip co-founded Asia Principal Capital, an investment banking and
strategic advisory company, with offices in Sydney and Singapore. He has significant
M&A, capital raising and strategy development experience.
Philip has extensive private and public company director experience. As CEO of
myPINpad Philip is building a world-class team and is driving the execution of the
strategy and plan. He has been a private equity investor for more than 20 years so his commitment to myPINpad
represents the confidence he has in the solution.
Areas of expertise for media: myPINpad solution, Mobile Payments, Finance Industry, Electronic Payments,
Payments Industry, Investment Banking, Capital Raising.
David Poole, Business Development Director
David’s career has spanned over 20 years at the forefront of new technology and
payment processes. In previous roles he spearheaded the integration of electronic
payments with custom POS solutions in hospitality and retail both in UK and USA. Prior to joining the myPINpad team in 2013 David held a MD position at Miura, a
technology company founded to reshape electronic payments. He oversaw the
commercial success of the company during the 3 years he held this position. When
he was introduced to the myPINpad solution and team he demonstrated his belief in
the business by joining and is now responsible for the global business development.
reas of expertise for media: myPINpad Solution, Mobile Payments, POS,
A
Electronic Payments, Technology Innovation, Payment Card Processes,
Authentication.
Justin Pike, Chief Technology Officer
Justin has been an innovator in the IT and m-commerce industry for over 15 years.
Initially developing one of the world’s first automated top-up platforms for prepay
mobile phone vouchers, has also advised and completed projects with various
Telco’s around the world. Following a move to Melbourne, Australia in the early
90’s, Justin co-founded eNett International, now considered to be one of the
world leaders and most innovative companies in the travel payments sector and
processing billions of dollars in transactions.
Justin founded myPINpad in 2012 after developing the core intellectual property and
is currently helping steer the company, globally deploying and integrating with many
of the world’s largest internet sites and financial processors. Justin is responsible for
new product design/market opportunities utilising the Core IP at myPINpad. Justin
has a Computer Science B s/c Hons from the University of Glamorgan.
Areas of expertise for the media: myPINpad technology, Mobile Commerce, Payments, Authentication,
Technology Innovation, Product Development.
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Introducing the myPINpad team (cont.)
Allan Syms, Commercial Director
Allan is an experienced international technology and life sciences senior
executive, with extensive PLC board level and Public Sector Service experience.
He has an in-depth background in licensing, corporate financing, IPO’s, M&A
and managing strategic change with blue chip companies worldwide. Allan has
been a driving force in the launch and commercial promotion of the myPINpad
solution.
Allan is a PhD and undertook postdoctoral studies at Baylor College of Medicine
and Oxford University.
Areas of expertise for media: myPINpad Solution, Marketing, Investment,
IP Management, Licensing and Technology Transfer.
David Froud, Head of Global Compliance & Risk
David is an experienced data security and regulatory compliance practitioner
with proven ability to deliver collaborative data security and payment innovation
solutions to high-end corporate clients.
David has held senior positions in technology and payments businesses for over
15 years and is a renowned figure within the industry for his depth of knowledge.
David is so confident in the myPINpad solution he left the PCI DSS industry to join
the team in November 2014. David is responsible for the security and regulatory
compliance of the MPP technology globally. David is highly certified in the payments
and security sectors and is a frequent speaker at industry events.
reas of expertise for media: myPINpad solution, Mobile / Electronic
A
Payments, Regulatory Compliance, Data Security, Anti-Fraud, Identity
Management & Authentication
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Introducing the myPINpad team (cont.)
Jon Pinkerton, Head of Innovation (New Zealand based)
Jon is a technology and product innovator both inside and outside of the payments
industry. He is able to combine customer insight, technical know how and articulate
this into actionable product strategies that are aligned with an organisations
overall business vision.
Jon is active across the payments industry throughout Australasia, North America
and the United Kingdom with networks into Banks, Financial Service providers and
start-ups, he has unique insight into the disruption occurring in payments.
As Jon has a long history of supporting, integrating and developing payments
software and solutions and leading Payment technologists. Jon’s experience makes
him a perfect fit for the myPINpad team and the solution’s Head of Innovation.
reas of expertise for media: myPINpad solution, Payments, Data Security,
A
Fraud, Innovation, Electronic Payments.
David Muxworthy, Finance Director
David is a Chartered Accountant with over 20 years of domestic and International
commercial experience. David is a co-Founder of myPINpad Limited and has
successfully built and managed the sale of a high technology business to a global
leader in its sector.
Areas of expertise: myPINpad solution, Finance, Corporate Governance, HR
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Media Relations Team
Lisa Hughes
Account Manager
[email protected]
Kelly Lewins
Account Executive
[email protected]
Phone number: 0844 2939764
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