WisePIN vs PaySimple Usage & Stats
What is POM? (PIN-on-Mobile or PIN-on-COTS)
Traditionally, PIN Entry for Chip and PIN or PIN Debit has been implemented on special hardware with a physically secure numeric PIN Pad. In January 2018, the PCI Security Standards Council announced a new method for secure PIN entry called PIN on Mobile that allows the use of Consumer-Off-The-Shelf (COTS) devices.
Why was this new PIN-on-Mobile system created?
Merchants, especially small and micro merchants, need a lower cost, more easily available solution than traditional hardware-based PIN entry terminals. This enables these merchants to accept card payments and, therefore, result in increased card payment volumes. In addition, many governments are now advocating for card payments as a way to disburse governments benefits, track and collect taxes as well as fight corruption that can be occur with large amounts of cash.
What is needed to support PIN-On-Mobile?
The secure end-to-end PIN-on-Mobile solution is defined by the Payment Card Industry (PCI) Software-based PIN Entry on COTS Security Requirements. All systems must have the following components to meet the requirements:
• A Secured Application
- For PINned transactions, the secured app will generate PINPAD for PIN Entry
- PIN is encrypted by an AES key which is protected by Whitebox Cryptography. The AES key will be updated once per month
• Backend Security Monitoring Component
- Sends notification and disables the device if abnormality is detected
- A heart beat signal monitors the integrity of device and the secure application running on the device
• A Secure Card Reader
- PCI PTS 5.0 certified EMV card reader without MSR reader
- Acquirer PIN key is injected into the device for Encrypted PIN block generation
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PaySimple allows you to grow your business and by accepting payments, streamlining billing, and managing customers anytime, anywhere. Collect credit card and ACH payments for single or multiple items in an order from your mobile device or tablet with a few simple clicks.
HOW IT WORKS
Create items in your PaySimple web account and log-in to the PaySimple mobile app. Simply choose which items are being purchased on any mobile device and enter the credit card or ACH information (via key-in or card reader) for a quick and seamless checkout experience. You can also create and manage recurring billing schedules and manage customer information through our powerful mobile app.
PaySimple Mobile App: FEATURES/BENEFITS
* Link items from your PaySimple account to the PaySimple mobile app automatically
* Add single or multiple items to a cart right from your mobile device or tablet
* Create and manage recurring billing schedules for all customers
* View your customers’ contact information, purchase history, comments, and payment methods on file with Customer Management
* Seamless checkout experience for anyone collecting payments in the field
* Optimized to work on any mobile device including cell phones and tablets
* Reporting Insights to monitor your business performance on the go
* Browse Orders to review and manage recent payments
Exclusively for PaySimple customers. Not a PaySimple customer? Check out our Free Trial to take PaySimple’s leading service commerce platform for a test drive!
PaySimple, the cloud-based service commerce platform, helps small businesses generate new business 24/7. Market services, accept payments, and retain customers with PaySimple.
PAYSIMPLE: FEATURES/BENEFITS
* Operate your business from anywhere and from a range of devices
* Mobile-friendly ecommerce, appointment, registration and billing solutions
* Easily collect one-time or recurring payments, or set up payment plans
* Wide variety of flexible mobile-friendly payment options
* Create and securely manage customer records
* See real-time updates of settled payments and cash flow
* Integrations with other critical business technologies
* All activity syncs seamlessly to the web-based application
* Superior customer service support
* And much more!
- Apple App Store
- Free
- Business
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WisePIN VS. 
PaySimpleDecember 25, 2024