Chang Chew SoonFounder, Soft Space
Managing Fraud, Authentication TransactionsMPOS
Value PropositionOur technology transforms any mobile device into a mobile point of sales (MPOS).Enables anyone to accept payments, anywhere, anytime, securely
Then: EDC Terminal
Now:Mobile Point of
Sales
About Us
Soft Space is a mobile payments technology company, headquartered in Kuala Lumpur, Malaysia.
Established in March 2012, with a head count of 4, Soft Space focuses on the development of innovative solutions for the banking and payment industry.
As of today, Soft Space commands over 50% market share in South East Asia with deployments in 14 banks, and a staff strength of 60.
Certifications
Recognition
Soft Space’s business strategy and centralised EMV solution has won several awards both at national and regional level.
Soft Space is Asia’s first company to obtain full EMV certification on MPOSRemains one of the very few companies in the world with centralized EMV processing technology
Best of Financial Applications Winner 2013
Best of Start-up Companies Winner 2013
Asia Pacific ICT Alliance Awards ASEAN ICT Awards Best Start
Up Winner 2013
Red Herring Top 100
AsiaWinner
Recognition
Soft Space’s business strategy and centralised EMV solution has won several awards both at national and regional level.
Best Acquiring Institution in Southeast Asia, 2013
In recognition of international-standard
electronic banking safety and innovation of mobile
point of sale (mPOS)
Visa Risk Management Leader Award 2013Retail Banker International Asia Trailblazer
Excellence in Mobile Banking
In recognition of the implementation of the
Plug n Pay mobile point of sale (mPOS)
Kasikorn Bank
Thailand
CIMB BankMalaysia
12
34
1 2 3 4
5 6 7
5
6 7
14
14
14
89
8 9
11
10
12
13
10
11 12 13
CIMB BankMalaysia
Hong Leong BankMalaysia
CIMB NiagaIndonesia
Bank XMalaysia
Bank XSingapore
Bank XIndonesia
Bank XIndonesia
Kasikorn BankThailand
Thanachart BankThailand
VietinBankVietnam
SacombankVietnam
Bank of New ZealandAustralia & New Zealand
Bank XTaiwan
Bank XPhilippines
Geographical Point of View
12
34
1 2 3 4
5 6 7
5
6 7
14
14
14
89
8 9
11
10
12
13
10
11 12 13
CIMB BankMalaysia
Hong Leong BankMalaysia
CIMB NiagaIndonesia
Bank XMalaysia
Bank XSingapore
Bank XIndonesia
Bank XIndonesia
Kasikorn BankThailand
Thanachart BankThailand
VietinBankVietnam
SacombankVietnam
Bank of New ZealandAustralia & New Zealand
Bank XTaiwan
Bank XPhilippines
Chip & Signature vs Chip & Pin
EMV & Domestic Chip & Pin
EMV Chip & SignatureDomestic Chip & Pin
EMV Chip & Signature(Optional MSR fallback)
How to steal a pin?
Introducing FLIR One Thermal Imaging Casing
What is thermal imaging?
Everything around you either emits or reflects heat energy
Thermal imaging makes the invisible world of heat energy visible to your eyes
Detects infrared energy, processes thermal image, perform temperature calculation, and is very precise
USD 350
Pin code is12345
Security of the reader Hardware Encryption
Mobile Phone Security Software Encryption Data Storage on the device
Cross-border transactions Geo-fencing
Transaction Monitoring Fraud Prevention vs Detection
MPOS & Its Associated Risks
Authentication Physical vs Logical Online vs Offline Magnetic Strip vs Chip
Cardholder Verification Signature vs Pin
12
34
5 6 7
14
14
89
11
10
12
13
Offline Pin vs Online Pin Visa & MasterCard mandates online authentication for MPOS transactions Under what circumstances do we allow offline? Performance vs risks
Pin Change ATM machines Issuer
Case Study: Malaysia’s recent mandate to full chip & pin for both international & domestic schemes
Costs of card reissuing Costs of POS terminal upgrades Costs of infrastructure & backend system upgrades
Top Related