{"id":7336,"date":"2021-06-16T16:04:26","date_gmt":"2021-06-16T14:04:26","guid":{"rendered":"https:\/\/www.synthesis.co.za\/?p=7336"},"modified":"2021-06-16T16:04:26","modified_gmt":"2021-06-16T14:04:26","slug":"trustonic-and-synthesis-partner-to-make-pin-entry-possible-and-unlock-the-mobile-point-of-sale-market","status":"publish","type":"post","link":"https:\/\/www.synthesis.co.za\/trustonic-and-synthesis-partner-to-make-pin-entry-possible-and-unlock-the-mobile-point-of-sale-market\/","title":{"rendered":"Trustonic and Synthesis partner to make PIN Entry possible and unlock the mobile point of sale market"},"content":{"rendered":"

Cambridge, United Kingdom\u00a0\u2013\u00a015 June 2021<\/strong>\u00a0\u2013\u00a0Cybersecurity technology leader\u00a0Trustonic <\/a><\/strong>today announces its partnership with software and consulting company\u00a0Synthesis Software Technologies to increase the opportunities available to businesses using software Point of Sale (SoftPOS) across Africa.<\/p>\n

Synthesis\u00a0became the first Tap on Phone<\/a> <\/strong>solution provider in Africa when it launched Halo Dot<\/a><\/strong> with Nedbank in June 2020. On launch, Halo Dot provided a new way to accept low-value contactless payments where a PIN was not required.<\/p>\n

The Trustonic-Synthesis partnership enhances this solution allowing for PIN entry. Halo Dot now provides the Tap on Phone technology used to accept contactless payments on any Android device with Near-Field Communication (NFC). Trustonic\u2019s SDK provides the state-of-the-art security features for secure software-based PIN Entry on the same mobile device. This eliminates the need for separate card readers. Halo Dot now enables users to accept high-value contactless payments using PIN entry, adding to its growing list of firsts for Africa.<\/p>\n

This Tap on Phone + PIN capability is a true software equivalent to expensive hardware Point of Sale (POS) terminals. Halo Dot will enable informal traders, SMEs and micro enterprises to accept card payments anywhere, anytime and of any amount, creating a safer alternative to handling cash.<\/p>\n

Pierre Aurel, Head of Payments at Synthesis stated: \u201cOver the last year, the world has witnessed rapid growth and adoption of contactless payments, this has largely been underpinned by innovations related to mobile phones. \u2018Halo Dot\u2019 is one of these innovations – it provides a novel way to accept card payments simply by tapping a payment card on a mobile phone. This technology empowers both informal and formal businesses to accept contactless payments directly on their mobile phone, increasing accessibility and reducing costs. Until now, only low-value contactless payments were possible, but our partnership with Trustonic has unlocked the true value of Tap on Phone by making PIN Entry possible.\u201d<\/p>\n

Jon French, Chief Revenue Officer at Trustonic said: \u201cWith the pandemic, cashless and contactless transactions have become increasingly the norm on the African continent. By integrating our technology with Synthesis\u2019, customers and small businesses will, for the first time, be able to safely and securely accept contactless transactions using PIN entry. We are excited to partner with an innovative and forward-thinking company like Synthesis as we look to roll out this solution to other markets and broaden the use cases over the coming months.\u201d<\/p>\n

Trustonic\u2019s SDK provides the strong security foundations that enable organisations to build secure payment applications, including separate capture of PIN and PAN at the point of transaction. It also secures critical user data, helping solution providers meet the evolving CPoC and CPOC + PIN standards. Synthesis is the first solution provider to use Trustonic\u2019s software-based Trusted Execution Environment supporting Trusted User Interface. This allows Synthesis to scale their solution rapidly without being tied to specific hardware and automatically benefitting from the best security addressable on a device.<\/p>\n

END<\/p>\n

About\u00a0Trustonic<\/strong><\/p>\n

Trustonic powers trust in technology by embedding security into smart devices and connected cars, for businesses to innovate and embrace new opportunities with peace of mind. Using best-in-class hardware level security coupled with software app protection, Trustonic secures revenue, powers innovation and ensures reliability.<\/p>\n

Based in Cambridge, UK,\u00a0Trustonic\u00a0was initially created from a joint venture between ARM, Gemalto and G&D. Today, it counts the world\u2019s leading car manufacturers, financial institutions and mobile operators as customers, as well as every tier one Android handset manufacturer.<\/p>\n

About Synthesis<\/strong><\/p>\n

Synthesis is a true South African success story. Synthesis believes that providing innovative solutions based on emerging technologies will help their clients become globally competitive. Synthesis focuses on banking and financial institutions, retail, media and telecommunications sectors in South Africa and other emerging markets.<\/p>\n

In 2017 Capital Appreciation Limited, a JSE-listed Fintech company, acquired 100 percent of\u00a0Synthesis. Following the acquisition,\u00a0Synthesis\u00a0remains an independent operating entity within the Capital Appreciation Group providing Cloud, Digital, Intelligent Data, MSP, Payments and RegTech services as well as corporate learning solutions through the\u00a0Synthesis\u00a0Academy.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Cambridge, United Kingdom\u00a0\u2013\u00a015 June 2021\u00a0\u2013\u00a0Cybersecurity technology leader\u00a0Trustonic today announces its partnership with software and consulting company\u00a0Synthesis Software Technologies to increase the opportunities available to businesses using software Point of Sale (SoftPOS) across Africa. Synthesis\u00a0became the first Tap on Phone solution provider in Africa when it launched Halo Dot with Nedbank in June 2020. On launch, […]<\/p>\n","protected":false},"author":12,"featured_media":7337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[36],"tags":[],"ptype":[12],"sectors":[],"class_list":["post-7336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-room","ptype-news"],"acf":[],"yoast_head":"\nTrustonic and Synthesis partner to make PIN Entry possible and unlock the mobile point of sale market - Synthesis<\/title>\n<meta name=\"description\" content=\"Trustonic and Synthesis partner to make PIN Entry possible and unlock the mobile point of sale 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