MYHSM offers a new approach to accessing payment HSM facilities, by providing Payment HSMs as a Service from cloud-based data centres.
Rather than buying and operating their own payment HSMs, organisations subscribe to the MYHSM Shared Service to access Payment HSM functionality, paying a simple monthly fee based on usage levels, subject to a minimum contract period.
The Shared Live Service starts from £700 a month and customers joining the MYHSM Service pay a one off, initial set-up fee. This charge includes setting up a number of master keys to exchange operational keys with partners.
Users of the Dedicated Service pay a standard monthly fee per HSM in their HSM Group which is priced according to the processing capacity of the Payment HSMs required.
Users of the Shared Service pay a monthly fee dependent on the level of demand:
Monthly Traffic Demand Transactions*/month
1 MB 4,000
10 MB 40,000
100 MB 400,000
1 GB 4,000,000
10 GB 40,000,000
* Based on number of PIN Block translations
MYHSM SERVICES MINIMISE THE COST ASSOCIATED WITH ON-PREMISE PAYMENT HSMs, WHICH INCLUDE:
- Cost of datacentre facilities
- Operations and security team
- Ensuring resilience
- Key management
- Policies and procedures
- Physical security controls
- Security Operations Centre
- PCI Certification
- Hardware cost
- Vendor maintenance charges