2Can and OpenWay Certify EMV-approved mPOS
OpenWay, a recognized leader in e-payment processing and omni-channel banking software, and 2сan, a Russian market pioneer in mobile acquiring, have completed certification of the first EMV-enabled mPOS solution in Russia.
Earlier, the 2can service solution was certified according to EMV Level 1 and Level 2 standards and PCI DSS. This solution consists of a mobile application, combined (dual) card reader, and processing platform. Certification is actual for all Android and iOS mobile devices.
"Thanks to certification of the 2can mPOS solution, our clients get full payment services with a proven level of functionality and security to accept magnetic stripe and EMV cards", commented Nikolai Zhmurenko, General Director, "Smartfin" (2can trademark). "2сan terminals can be used for transactions by all acquirers working with OpenWay’s WAY4 processing system".
OpenWay provided technical support and consultation to 2can for the entire certification period.
"Many banks and processors whom OpenWay serves internationally are interested in mobile acquiring services. We hope that 2can's well-timed solution will accelerate small business development and simplify payment relations between small merchants and their clients", remarked Anton Kolomiets, Director, OpenWay's Moscow office.
Support of Сhip&PIN technology by the mPOS solution is planned by the end of 2014.
About Smartfin (2сan trademark)
Smartfin (2сan trademark) is a leading Russian developer of mobile acquiring services. The 2can mobile application and a card reader turn Android and iOS smartphones/tablets into terminals for accepting Visa and MasterCard cards. The 2can service was brought to the Russian market at the end of September 2012 and was the first mobile acquiring service in the Russian Federation to meet Visa and MasterCard card payment security requirements. The first Russian participant in MasterCard mPOS Best Practices– a program stimulating the development of technology for the use of mobile devices as bankcard acceptance terminals and combining best practices, present knowledge and international experience in the industry. More than 200 mobile devices are compatible with the 2can service. Data security is provided by encryption on the card reader level; the 2can processing platform has a PCI-DSS Level1 security certificate. Smartfin/2can's partners include: Promsvyazbank, Bank Russkiy Standart, Raiffaisen Bank, Bank Otkritiye and Yandex.Dengi. InVenture Partners, Almaz Capital Partners, ESN group and a number of angel investors have invested in the project.