For the third year running, my colleague Gary Munro facilitated a thought-provoking debate around the use of mobile phones and tablets as contactless payment terminals during last week’s virtual Merchant Payments Ecosystem (MPE) conference. For the last three years, Gary and his panellists have tracked the progress of the SoftPOS technology and standards. The three key messages that I took away from this year’s conversation were that:
Using mobile devices for securing payments has been, and continues to be, a key area of interest for Consult Hyperion and our customers. We have helped many of our clients in this space from: providing advice on the market landscape, advising on security, testing security, developing security architectures, and building solutions. Apple’s purchase of Mobeewave a couple of weeks ago has caught our, and everyone else’s, attention. This gives us some time to reflect on this and consider what it means for the SoftPOS industry and ecosystems.