Does my payment application have to be in the cloud for me to use the MYHSM service?

No – The MYHSM service fits in well with an organisation’s strategy of using the cloud.

However, it is also appropriate to organisations retaining on-premise IT infrastructure. Because the application hosts communicate with HSMs using IP, it is relatively straightforward to switch from local HSMs to remote HSMs. These organisations would then benefit from not having to worry about the capital, operational, and approval costs of the HSMs, and could focus their resources on their core applications.