Tuesday January 28 2020

MYHSM and OpenWay Rethink Payment Security in the Cloud

MYHSM and OpenWay Rethink Payment Security in the Cloud

  • MYHSM, a global provider of Payment HSM as a Service, is announcing a partnership with OpenWay, a market-leading provider of payment software, to accelerate the move of digital payments into the cloud.


  • Users of Way4, OpenWay’s software platform, will now get access to MYHSM’s cloud-based Payment HSM as a Service. This allows financial companies to optimize the cost of security hardware ownership and the effort of achieving and maintaining PCI compliance. Companies use Way4 to run a variety of payment businesses in the cloud, from card issuing and merchant acquiring to payment hubs and digital wallets.

A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a new business line or creates test environments. In such cases, a cloud installation can offer significant cost savings and reductions in implementation time. However, the major cloud service providers do not offer payment HSMs as a service.  Most of the time, banks and processors are forced to run this essential security component of their payment system in-house.


This announcement means that banks and processors using WAY4 can now utilize MYHSM’s cloud-based Payment HSM as a Service in their cloud software installations. WAY4 users who prefer to run WAY4 on their own infrastructure can also benefit by handing over responsibility for providing HSM capability to MYHSM.


MYHSM’s Testing Service will also help all companies running Way4, both in the cloud and on their own infrastructure, to test the implementation without requiring major investments.

To run the service, MYHSM utilizes the Thales payShield, the world’s most widely deployed Payment HSM, and Equinix, the leader in interconnection.


John Cragg, CEO at MYHSM, commented: “This is great news for MYHSM and OpenWay, and especially OpenWay users. These users can now choose a full or partial cloud solution in line with their corporate strategy. The relationship with OpenWay is important to MYHSM because the involvement of such a prominent solution provider is a significant extension of the ecosystem that we are part of. It shows that the future of Payment HSMs is in the cloud.”


Dmitry Yatskaer, CTO at Openway, added: “We have customers who have already deployed Way4 in the cloud, and there will be more to come. Until recently, payment HSMs were the missing piece of the payment cloud puzzle, so companies had to install HSMs on their premises or find a trusted partner who could operate the HSM environment for them. Neither models were great if you wanted to optimize the HSM operational costs. Our partnership with MYHSM closes this gap. Now OpenWay customers can go 100% cloud. And as a proof of our commitment to a future in the cloud, recently OpenWay was recognised as the Best Solution Provider for Payment Systems in the Cloud by Paytech.”


"The relationship with OpenWay is important to MYHSM because the involvement of such a prominent solution provider is a significant extension of the ecosystem that we are part of. "
John Cragg, CEO at MYHSM

DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.

Entirely Tech Jobs

Senior Business Development Manager - Technology & IP

Central London

A dynamic and forward thinking international law firm have an exciting role at senior management level within their business development team.

Interim Management-Technology Recruitment

City of London

My client is a leading global search firm with an established interim management practice.

Interim Management-Senior Technology/Data Recruitment

City of London

My client is a leading global search firm enjoying impressive growth with an established interim management practice.

Researcher/Resourcer Executive Search Technology/PE/VC clients

Central London

My client is a division of a highly respected Executive Search firm focussing on the PE/VC marketplace.

PE Technology Executive search Director

Central London

My client is a division of a highly regarded global Tier 1 search firm specialising in the Private equity backed market place.

Accounts Payable Lead Technology

City of London

My client is one of the fastest growing VC-backed technology companies in Europe and is now changing the industry it specialises in with its leading technology.

Senior Technology Underwriter


The role This insurer has been providing insurance solutions to technology clients since 1994 and we have grown a substantial book of business to date.

Recruitment Team Leader for a leading Technology Brand!

South East London

Could you be our next ERP Recruitment Team Lead? You will; Manage and mentor your own recruitment team, train, develop and nurture new members.

IT Delivery Manager

City Of London

My financial services client is seeking a Technical Commercial Delivery Manager to join the Technology Department and join the Real Time Gross Settlements Programme, reporting both Technology and operationally into the Programme.

Lecturer in Creative Media Production and Technology (0.8)

South West London

Lecturer in Creative Media Production and Technology - Film Making & Visual Effects (0.

Talent Acquisition Manager - IT & Technology


We have a career-enhancing opportunity within a Global Multinational with close to 10,000 employees worldwide, and revenues in excess of $10 Billion p/year.

Assistant Tax Manager - Media & Technology - Top 10 firm


Do you want to work with interesting media and technology clients?Craving a role with a real mix of client facing advisory work?Do you want the autonomy of working from home? I am recruiting a great front end taxation role working closely with two excellent dynamic tax Partners on clients ranging from advertising, film makers, and music production to fin tech businesses.

International B2B Marketing Manager Technology/Product

Central London

International B2B Marketing Manager (Technology/Product) Minimum 3 months: £55000 - £75000 Client will consider candidates with up to 1 months noticeClosing date: Tuesday 13th August @ 9am  Reed Marketing & Creative is currently partnering with a globally recognised SaaS company who are recruiting an interim Senior Ma.

Sales Development Representative - Technology - Central London

City Of London

Sales Development Represenatative Technology Central London The role and companyAs a Sales Executive you will be required to generate opportunities for the field sales team.

Technology Sales - Cyber Security Sales

City of London

Technology Sales - Global Leading Cyber Security Firm - Sales Development Representative This is an exciting time within the cyber-security industry, with the ever-growing nature of cyber-attacks and the demand for safe and secure data greater than ever, the importance of this channel has never been bigger.

Principle Technology Partner - Data Exploitation


This is an opportunity for a skilled individual to enhance their current skillset and knowledge working in a dynamic environment.

Trainee Recruitment Consultant - Technology Recruitment

Central London

Are you looking to work at the very top of the Information Technology recruitment industry? Would you work for a company that is winning awards for its training and development programme? Does the idea of working on a high octane sales floor excite you?Would you like to work with international clients.


Discover the latest Industry News & Opinions on Entirely

We transform your bright ideas into brilliant digital products.