Next, Handpoint showed how its hybrid dongle can work both as a magstripe and chip & PIN reader:
"The U.S. is moving to EMV (Chip & PIN) no later than 2015 with a push from VISA and MasterCard, meaning the biggest overhaul of payment infrastructure since the introduction of the plastic card.
Handpoint is presenting a mobile payments platform for developers. It is simple and secure and allows developers to easily add EMV payments to their applications and even get paid for transactions made through their apps. The platform can also be white labeled to larger partners, for example, acquirers and MNOs, so they can offer mobile POS solutions under their brand.The platform erases all PCI issues, even for the largest merchants, by using state of the art security measures including point-to-point encryption."
Product Launched: September 2012
HQ Location: Cambridge, United Kingdom
Company Founded: September 1999
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing David Gudjonsson (CEO & Co-Founder) and Thordur Thorarinsson (CFO & Co-Founder)