IBM has teamed up with Toronto-based firm Dream Payments, bringing its cloud and security capabilities to help the firm offer mobile point of sale solutions and business-to-business (B2B) payments, reports Antony Peyton of Banking Technology (Finovate’s sister publication).

Chad Whittaker, CIO Dream Payments, said: “The combination of IBM’s banking and financial services expertise along with the IBM Cloud has allowed Dream Payments to build and scale its cloud infrastructure, right down to bare metal hardware access, maintain bank grade security, PCI compliance, and data sovereignty.”

Dream Payments will also be protected using IBM Managed Security Services, including IBM QRadar on Cloud, a network security intelligence and analytics offering, to detect and take action against cybersecurity attacks and network breaches.

According to IBM, the technology will establish cloud intelligence with Security Information and Event Management (SIEM) as a Service to defend the organization’s security infrastructure from threats.

Dream is headquartered in Toronto, Ontario, Canada, and has operations in Stamford, Connecticut. Founded in 2014, the company demonstrated its mPOS solution at FinovateSpring 2015. Dream Payments has raised $15 million in funding – including a $10 million Series A this spring – and counts Fair Ventures, Connecticut Innovations, and Real Ventures among its investors. Learn more about Dream Payments in our Finovate Debut profile.