Compliance: myPOS complies with the European Banking Authority’s Guidelines on the security of Internet payments. We are authorized and regulated by the Central Bank of Ireland as an electronic money institution, following the Payment Service Regulation of 2017 and the Electronic Money Regulations of 2011.
Data Protection
Registration: myPOS is registered with the Commission for Personal Data Protection under number 0050022. All customer data is managed according to the principles of the EC Directive 95/46 on data protection and the Data Protection Act, 2002 of Bulgaria.
Secure Infrastructure
Data Centers: Personal data is stored in electronic form on servers located in TIER 4 data centers in Europe, offering the highest levels of security and access control.
Monitoring: Our advanced systems provide real-time monitoring and protection from suspicious activity. Our dedicated information security team works closely with engineering teams to maintain secure applications, data flow, and infrastructure.
Licenses and Certifications
PCI DSS Certification: myPOS is PCI DSS certified, undergoing annual audits to maintain this status. This certification, created by Visa and MasterCard, ensures the highest security standards for handling cardholder data.
Funds Safeguarding: As a licensed Electronic Money Institution, myPOS follows strict customer funds safeguarding procedures. We do not reinvest customer funds and are required by law to keep our finances separate, offering greater protection than standard bank deposits.
Fraud Prevention Mechanisms
Real-Time Monitoring: Continuous protection against suspicious transactions, data traffic, and behavior ensures smooth operations.
Two-Factor Authentication: This and transaction limits are available to every myPOS merchant to enhance security.
Funds Protection
24/7 Monitoring: myPOS merchants benefit from continuous money monitoring, automatic fraud prevention, real-time notifications, transaction limits, and webhooks for specific events.
Authorization and Notifications: All monetary operations require authorization, with instant notifications sent to your mobile device for every transaction, making it difficult for fraudulent activities to go unnoticed.
These measures give you peace of mind, ensuring that you are the only one who has control over your account, funds, POS devices, and payment card.