Trustonic Announces Partnership with Synthesis Software Technologies for SoftPOS solutions
Cybersecurity technology leader Trustonic has announced its partnership with software and consulting company Synthesis Software Technologies to increase the opportunities available to businesses using software Point of Sale (SoftPOS) across Africa.
Synthesis became the first Tap on Phone solution provider in Africa when it launched Halo Dot 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.
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’s SDK provides 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.
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.
“Over 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. ‘Halo Dot’ 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.”
Pierre Aurel, Head of Payments, Synthesis
“With the pandemic, cashless and contactless transactions have become increasingly the norm on the African continent. By integrating our technology with Synthesis’, 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.”
Jon French, Chief Revenue Officer, Trustonic
Trustonic’s 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’s 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.
