Alaric Introduces myPinPad To Authorize Card Payments
Alaric, an international supplier of fraud prevention and payments solutions, announced a new product called myPinPad that will allow cardholders to authorize payments by entering their PIN on touch-screen payment terminals, smartphones, tables and on websites, reports a press release issued by the company. When authorizing a card payment, the user will be given a one-time virtual PIN pad, which transfers data from the device to the cloud. Instead of verifying the payment offline through the card and terminal, the PIN allows verification to be online with the issuing bank.
