Miura Systems, a UK-based provider of secure EMV payment and mobile acceptance solutions, offers payment technology based on a single global platform designed to transform customer engagement in banking, retail, hospitality, transportation and other service environments. The company's mantra, "We partner, never compete," reflects its goal of transforming the POS landscape through innovative partnerships that drive seamless retail experiences.
Formed in 2008, Miura is led by Executive Chairman Andrew Dark, former CEO of DataCash Group prior to its acquisition by Mastercard, and non-executive director of Paysafe Group prior to its $3.9 billion sale to CVC Capital and Blackstone Group in 2017. Additionally, Dark was part of the Dione/Lipman executive team that sold the company to Verifone. He got his start in payments at NCR.
Headquartered in the UK, with offices in North America and Japan, Miura employs 100 people and manufactures devices in Central Europe. World-class manufacturing and supply chain management partners, supervised by Miura, apply exacting quality and security standards to meet certification and compliance criteria, the company noted.
In addition to designing and manufacturing POS devices and related software, Miura provides support services worldwide. Current product lines include the M010 and M020 family for mobile and fixed location terminals and the POSzle printer/tablet stand that pairs with tablet apps. The POSzle hub connects tablets with cash drawers and multiple universal serial bus (USB) peripherals.
Jeremy Krahl, vice president, North American strategic partnerships for processors, ISOs and gateways, stated that Miura works with integrators, processors and gateways around the world. "We maintain and improve MPI, our payments API, rather than reinvent the wheel with each new product generation," he said. "As a result, customers have an upgrade path from generation to generation, enabling them to retain investment in applications they have developed for use with our devices."
Central to the company's mission is helping acquirers, processors, PSPs, ISOs, ISVs and systems integrators bring inventive solutions to market that scale across all industries, use cases and geographies. Krahl noted that Miura's MPI is popular among partners, who range from micro to enterprise-level organizations. The company also provides warranty services and tech support, both directly for large accounts and in partnership with best-in-class partners, to deliver appropriate localized services, he stated.
More than 3 million Miura devices have been deployed around the globe, delivering secure, reliable, certified and competitively priced solutions to traditional and disruptive players, Krahl noted. In North America, Miura products are available through Miura's primary distribution partner CDE, as well as a number of other distributors. Krahl went on to say that Miura has introduced its semi-integrated Secure Payment Application (SPA) In North America, which is certified on the TSYS Sierra platform of Global Payments and can be used for fixed and mobile applications. A fresh alternative to legacy semi-integrated solutions, the SPA communicates directly to processors, eliminating gateway fees and is being certified by other North American processors, he stated.
Noting that Miura products are built with a security hardened, efficient and agile Linux operating system, Krahl described Linux as an ideal operating system for small, lower-power devices. Combining Linux with Miura's MPI enables numerous transactions to be accomplished within very compact code, making software development straightforward and fast, improving time to market and providing flexibility when needed, he added.
A key design principle of Miura's new Android product family, to be introduced in 2022, will be to leverage the security hardened Linux operating system to drive fast, resource-efficient transactions and protect customers and mitigate risks, Krahl noted. "We look forward to rapidly growing our customer base in North America and worldwide, and further expanding our product line," Krahl said. "We have exciting plans for a next-generation Android-based product family supported by our MPI API to preserve upgrade paths."
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