PCI services and merchant intelligence provider Sysnet Global Solutions is working with iScan Online, which specializes in security scanning of devices, to provide acquirers with new mobile security.
The companies will enable acquirers to embed functions in existing mobile payment applications to search for stored payment card data and other vulnerabilities on their merchants mobile devices, according to a press release.
It's part of a range of scanning services provided as part of the partnership, including a multi-tenant cloud console that manages devices, reporting, analysis and visualization of each customer and location, the release said.
IScans success with their mobile scanning solution for enterprises provides a perfect platform to address the rising concerns for the processing of payments on mobile devices, Gabriel Moynagh, Sysnet CEO, said in the release. This partnership is a logical evolution of Sysnets commitment to providing security to the merchant acquiring industry and brings a unique technology to help combat the new threat that mobile processing presents.
Billy Austin, iScan Online president, said, Acquirers are flying blind when it comes to what their mobile merchants are doing and how secure their mobile devices really are. The Bring Your Own Device paradigm has only made this risk more prevalent because most businesses use their devices for much more than just processing cards.