Payment firms can now use Azure in cloud adoption - The EE

Payment firms can now use Azure in cloud adoption

Customers of Microsoft Azure can now access the MYHSM fully-managed, PCI-compliant, Payment HSM service. By using the latest Thales PayShield 10K’s to execute a full cloud deployment, payments HSM Service provider, MYHSM reports users can eliminate the need for a physical Payment HSM infrastructure, thereby providing businesses with a full digital experience.

This means a full cloud-based architecture can be achieved whilst ensuring PCI DSS and PCI PIN standards are fully met. For companies, this can result in reduced capex costs, accelerated time to market, greatly reduced PCI scope and increased resilience & scalability.

Due to PCI PIN requirements, the public cloud cannot directly support physical Payments HSMs which has forced banks and payment processers to procure, operate and manage these mission-critical, payment security components in-house. This required significant investment in hardware, secure facilities, and is a drain on skilled resources. Not only is this a barrier to cloud adoption and for new Fintechs, but it is yet another cost which could otherwise be used productively.

However, the MYHSM service reportedly simplifies this complex payment infrastructure and provides Thales payShield 10K HSMs as a fully managed, globally accessible service for a simple, cost-effective monthly subscription fee.

John Cragg

John Cragg, CEO at MYHSM, comments: “The surge in cloud adoption is key to driving digital transformation and innovation. Over the past 10 years, we have seen a great deal of back-office infrastructure migrate to the cloud, but Payment HSMs have always been the Achilles heel of payment systems, due to their restrictive usage and operations imposed by the PCI Standards.

“MYHSM, together with Equinix and Microsoft Azure, can now provide dynamic cloud-based solutions for the global payments industry, filling the current gap around the provision of cloud-based Payment HSMs. The Microsoft Partner Network will enable us to expand our reach. As a result, companies worldwide can now leverage products and services to differentiate their business offering and thrive in the competitive payments landscape,” Cragg says.

MYHSM integrates with and fully compliments Microsoft Azure, maximising flexibility and enabling companies to focus on their core business strategy.

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