Member Article

MYHSM joins forces with STS Payments to deliver a secure payments infrastructure for merchants worldwide

London, 29th July 2021: – MYHSM by Utimaco, today announces it has partnered with STS Payments, a leading payments acceptance software specialist, to deliver a complete and secure payment solution.

MYHSM is a global provider of Payment Hardware Security Modules (HSMs) as a Service, offering an alternative to purchasing and managing HSMs on-premise, with a globally accessible subscription service using two of the world’s leading HSM manufactures – the Utimaco Atalla AT1000 and Thales payShield 10K. Its fully managed service has now been integrated with STS Payments’ software, G8, enabling it to securely accept and process cardholder present transactions.

STS Payments will access the fully managed, PCI PIN and PCI DSS certified Payment HSM service without the large upfront investment costs typically expected from running an in-house solution, while benefitting from the ability to scale its infrastructure in line with future business growth. Further, it will outsource the responsibility of the hardware, infrastructure, and network management to MYHSM.

As part of the service, MYHSM is responsible for exchanging top level keys in a PCI PIN-compliant manner via a dedicated and secure portal. As a result, STS Payments is now in a position to achieve a certified P2PE payments solution with minimal investment.

Harnessing MYHSM’s fully managed service, STS Payments has further enhanced its service portfolio and core business offering for existing sectors including retail, fuel, airline, travel, logistics and government, while also opening up new market opportunities.

Steve Turner, CEO & Founder at STS Payments, said: “Partnering with MYHSM has been a gamechanger for STS Payments. We know payment acceptance inside and out but HSMs and key management were new to us, so MYHSM’s fully managed service and highly skilled engineers were the ideal solution and it’s been an exciting journey together.”

He continued: “It instantly removed the complexity and capex costs usually associated with operating our own systems. And, it meant that we didn’t have to manage the burden of owning multiple HSMs and ensuring they were compliant. Against the backdrop of the surge in fraudulent activity, ensuring our merchants are protected is critical, and MYHSM has provided the solution.”

Darren Busby, Global Head of Sales at MYHSM by Utimaco, commented: “Our unique Payment Hardware Security Modules (HSMs) as a Service offering is agile and affordable, which means that cost savings can be passed on to their customers. More importantly, it means that their payments will be handled in a much more secure manner, with STS Payments accessing an estate of three HSMs deployed in two geographically separate data centres for resilience and 99.999% availability. We are delighted that STS Payments, and its merchants, will benefit.”

ENDS

About MYHSM

MYHSM, is part of Utimaco’s IT security solutions and offers Payment Hardware Security Modules (HSM) as a Service, delivering a secure, versatile, and scalable hosted payment solution in the cloud. MYHSM is the first multi-vendor Payment HSMs service provider, offering secure and highly available host connections to two of the world’s leading HSMs manufactures - Utimaco Atalla AT1000 and Thales payShield 10K. The MYHSM service is compatible with all major payment applications, is multi-cloud and provides a unique and globally accessible service offering to the whole payment ecosystem. MYHSM’s fully managed, PCI PIN certified services alleviates the need for investment in hardware, secure facilities, management, and ongoing PCI compliance, audit and support.

About UTIMACO

UTIMACO is a global platform provider of trusted Cybersecurity and Compliance solutions and services with headquarters in Aachen (Germany) and Campbell, CA (USA). UTIMACO develops on-premises and cloud-based hardware security modules and key management solutions as well as compliance solutions for telecommunication providers in the field of regulation. UTIMACO is one of the world’s leading manufacturers in both of these market segments.

470+ employees around the globe create innovative solutions and services to protect data, identities and communication networks with responsibility for global customers and citizens. Customers and partners in many different industries value the reliability and long-term investment security of UTIMACO’s high-security products and solutions.

About STS

STS Payments is a leading payments acceptance software specialist with unrivalled EMV expertise. Headquartered in the UK, STS has over 150,000 merchant implementations located around the world across multiple industry sectors including retail, fuel, airline, travel, logistics and government.

Merchants who select STS Payments are provided with independence from payment schemes, acquirers, Payment Service Providers, and device manufacturers, thereby generating financial savings and maximising their payments flexibility and future choices.

STS invests heavily in developing high-quality payments acceptance applications and features to remain at the forefront of payments innovation. As a global market leader in EMV Chip and PIN payments, STS Payments also include contactless, NFC mobile payments, cloud payment implementations and the management of Internet of Things (IoT) devices.

This was posted in Bdaily's Members' News section by Lilidh .