MYHSM by Utimaco announced this week its Payment Hardware Security Modules (HSM) as a Service is now available in AWS Marketplace. Customers can now directly connect to and deploy the MYHSM Service, providing financial institutions around the world with a full-cloud, multi-cloud or hybrid cloud payments strategy. It is the first multi-vendor payment HSM service provider offering a globally accessible, fully managed, payment card industry (PCI) PIN and PCI DSS certified service using HSM tools such as Utimaco Atalla AT1000 and Thales payShield 10K.
Accenture predicts cloud investment will continue and expand at a rate of around 15 per cent through 2022. The surge in public cloud adoption fuelled by COVID-19 has seen many financial services accelerating their own cloud strategy.
According to 451 Research data, 69 per cent of financial companies utilize AWS, and these can now integrate their payment applications with MYHSM’s fully managed Payment HSMs Service providing a fast, compliant, and cost-effective solution to test their applications.
MYHSM said it provides the same level of elasticity and flexibility as cloud service providers, enabling customers to scale their payment HSMs usage in line with business volumes for a dynamic subscription fee. A group of HSMs are deployed in geographically separate data centres providing near universal availability and can be accessed via a dedicated customer portal.
Upon connection to a group of cloud-based payment HSMs, users can secure tasks such as PIN protection and validation, transaction processing, mobile and payment card issuance and key management.
“With our dedication to provide financial institutions and fintechs with a cost-effective, efficient and flexible means of using payment HSMs, this is a natural and logical development in our mission to drive Payment HSMs as a Service,” MYHSM VP of Platform Solution and Growth Eyal Worthalter said. “MYHSM’s listing in AWS Marketplace will make it possible for financial institutions and fintechs to operate independent of legacy infrastructure and reduce the complexity and cost of managing and operating payment HSMs. With a fully managed service customers can be set up in days and can focus on their core business with SME’s responsible for the service, security, and system maintenance.”
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