"Our collaboration with ACI facilitates the smooth implementation of an all-cloud solution, with mutual users set to benefit from reduced investment needs and cost of ownership"
John Cragg, CEO, MYHSM
MYHSM announced today that its cloud-based Payment Hardware Security Module (HSM) service can now be added to ACI Worldwide's solutions as a building block of a comprehensive cloud payments strategy for acquirers, issuers, payment processors and banks.
MYHSM’s Payment HSM as a Service provides online access to payShield Payment HSMs, manufactured by partner Thales. HSMs are cryptographic devices that protect card and mobile payments, the use of which is mandated by the PCI Security Standards Council. Traditionally, Payment HSMs have been purchased and operated by user organisations, but MYHSM’s approach promises significant savings in terms of investment, operational costs and timescales for deployment.
ACI's Universal Payments (UP) portfolio of solutions makes fast, simple and secure payments possible around the world by connecting more ways to pay with more payment capabilities than any other provider. ACI’s portfolio includes UP Payments Risk Management, a solution that delivers banks, financial intermediaries and merchants a cloud-based, 360-degree approach to enterprise fraud management. One of Microsoft’s top 10 global ISV partners in the financial services industry, ACI helps top tier banks on their cloud journey through its work with Microsoft Azure.
"Our collaboration with ACI facilitates the smooth implementation of an all-cloud solution, with mutual users set to benefit from reduced investment needs and cost of ownership, greater flexibility and agility, reduced regulatory burden and easy scalability,” said John Cragg, CEO, MYHSM. “While we believe that more banks will be pursuing cloud payment deployments in 2020 and beyond, those users that prefer to run ACI’s UP solutions on premise can still make use of the MYHSM service as a production platform for Payment HSMs and as a cost-effective, flexible testing facility.”
"More financial institutions are embracing full cloud or hybrid deployments as part of their digital transformation strategies, due to increased agility and reduced capital expenditure,” said Ciaran Chu, Head of Public Cloud, ACI Worldwide. “But to maximise the potential benefits requires cooperation and collaboration on the vendor side—especially when it comes to ensuring security. Together with MYHSM and its data centre partner Equinix, we can address this and help reduce the complexity of cloud deployments.”