Paydiant, a provider of cloud-based mobile payment solutions, has announced that its mobile payments platform has earned appSecure certification from viaForensics.
The certification was issued following an evaluation of the methods used within Paydiant’s mobile wallet solution to prevent the exposure of sensitive data used in processing mobile payments. According to Paydiant, the appSecure certification process involved a battery of tests and evaluations including network analysis, operational security testing, deep inspection of permanently and temporarily stored data, and encryption methodology.
Paydiant’s cloud-based mobile wallet and payment solution enables retailers, banks and processors to deploy a branded contactless mobile wallet, mobile payment and cash access platform without involving new intermediaries, according to the company. The solution keeps payment card numbers and other sensitive cardholder data securely stored in a PCI-compliant, SSAE 16 certified data center. At no point is payment card data stored on the phone or passed to the point-of-sale terminal, thus limiting the opportunity for data theft and fraud.
Paydiant also works with existing smart phones, point of sale systems and payment terminals, and supports credit, debit and prepaid card accounts in addition to contactless mobile payments, according to the company.