During the event of TechnoDay at Fondation Louis Vuitton, YouTransactor was presented with an award for “Best Small & Medium Enterprise” by STMicroelectronics. This award was granted due to the successful collaboration between YouTransactor- a disruptor of payment solutions, and STMicroelectronics- a global semiconductor leader, for the project YTSECPCI.
Combining YouTransactor’s prowess in security and point-of-sale payment terminals and STMicroelectronics’ chip-design expertise, YTSECPCI was developed, commercialized and deployed successfully in 50,000 payment terminals, with over 1 million devices already ordered for the year 2019-2020.
The YTSECPCI chip, based on STM32 microcontroller, embeds all physical security mechanisms required by PCI PTS (Payment Card Industry- PIN Transaction Security), including mesh monitoring, switch monitoring, firmware loading, etc. as a software. The terminals designed using this ultra-low-power consuming and cost-effective microchip support contact and contactless payments, as the chip is pre-certified to PCI specifications.
With the help of this customized solution provided by STMicroelectronics, YouTransactor aims to make secure technology easily accessible to merchant service providers to create a seamless experience between end consumers and merchants of all sizes and all industry verticals.
Find out more on https://www.youtransactor.com/emv-components/