Suresh sugavanam - Latest News Update, Information, Photos & Videos on Suresh sugavanam at Lokmat Times

UL, a global safety science company, announced that Mosambee, a payment solution company, is the first company in India to have their software-based personal identification number (PIN) entry product, commonly known as PIN on Glass, certified for compliance with the Payment Card Industry (PCI) standard.PCI allows for contact and contactless card transactions with PIN entry on merchants' mobile devices, such as smartphones and tablets, using a secure PIN entry application. In earlier point of sale (PoS) solutions, the PIN was entered on the payment terminals only. Mosambee's solution supports all payment schemes including RuPay, Visa and Mastercard.This 'Made in India' solution will be a plug-and-play option for many of the banks and acquirers already connected to Mosambee. Ensuring product compliance following certification may help to fuel opportunities for businesses and institutions to expand and accept payments. It also helps enable small businesses to compete more effectively while enhancing overall customer service."The certification strengthens security and builds trust in digital payments acceptance on smartphones and tablets. The PIN on Glass solution allows a merchant to now download an acquirer application from the Android or iOS app stores instead of focusing on hardware terminals. With its rich experience in the payments industry, UL was an instrumental advisor in our commercial off-the-shelf (COTS) device from a concept to product launch," said Sameer Chugh, Co-Founder of Mosambee, while commenting on the certification of the new solution.A wide network of subject matter experts from various geographies at UL's PCI SSC recognized laboratories performed the PCI Security Standards Council's (SSC) Software-Based PIN Entry on COTS (SPoC) testing requirements for the Mosambee solution."We are proud that this certification enables India's vision of a cash-lite society through expansion of payment acceptance infrastructure in India. The PCI certification helps local compes to develop innovative and smart payment devices and build trust in the security of payments. At UL, we continue to focus on building best-in-class testing platforms and compliance solutions to help bring more secure digital payment products to the market," said Suresh Sugavanam, Vice President and Managing Director of South Asia and Sub-Saharan Africa at UL.This story is provided by BusinessWire India. will not be responsible in any way for the content of this article. (/BusinessWire India)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Ram Navami 2024

Dubai Rains

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Suresh Sugavanam, NewsFOLLOW

Suresh sugavanam, Latest News

Business :UL launches outreach program to support safe and effective Covid-19 vaccine manufacture, distribution and administration

UL, the global safety science leader, has launched an outreach program for governments and vaccine manufacturers to promote the safe and effective production, distribution and administration of COVID-19 vaccines. ...

Business :UL approved to test, certify civilian drones in India

UL, the global safety science leader, announced today the launch of its testing and certification services for civilian drone use. The services help manufacturers, importers and assemblers to meet technical standards published and made mandatory by t ...

Business :UL Accredited by National Accreditation Board for Certification Bodies as a Certification Body for Household Appliances in India

UL, a leading global safety science company, announced today that the National Accreditation Board for Certification Bodies (NABCB) accredited UL as a Certification Body for testing and certification of certain household appliances in India. ...

Business :UL issues IEC CB 2016 Certification for Bifacial Solar PV modules to Waaree Energies in India

UL, a global safety science company, announced that it completed the solar photovoltaic (PV) module testing and certification for bifacial modules manufactured by Waaree Energies as per the latest International Electrotechnical Commission (IEC) stand ...

Business :Mosambee receives India's first certification for contact and contactless card payment transactions on smartphones and tablets

UL, a global safety science company, announced that Mosambee, a payment solution company, is the first company in India to have their software-based personal identification number (PIN) entry product, commonly known as PIN on Glass, certified for com ...