Poynt, which dubs itself as makers of the world's first smart point-of-sale terminal, Thursday announced that both its hardware and software platform have received PCI PTS, PCI-DSS, PA-DSS and EMV-certification, making it the first fully certified smart terminal on the market today, according to a press release.

The company also announced it has raised $28 million in funding. The Series B round was led by Oak HC/FT, with participation from Stanford-StartX Fund as well as previous investors Matrix Partners, Webb Investment Network, and Nyca Ventures.

"Many said that certifying the Poynt Smart Terminal would be impossible because of the complexity involved with introducing such a fundamentally different payment terminal - two screens, touch PIN pad, connectivity, computing power, third party apps - but we worked closely with the certification bodies so that we could deliver a device with the highest level of security that also meets the needs of today’s merchant," Poynt Founder and CEO Osama Bedier said in a statement. "The Poynt Smart Terminal offers functionality that was previously unimaginable in a remarkably sleek, simple, and affordable device. With certification, Poynt can now give millions of merchants their iPhone moment."

Poynt first announced its product at last year's Money 20/20 conference. 

In addition to funding, Poynt also announced a number of key hires, according to the announcement.

Tony Miranz, former CEO and co-founder of VUDU, a Wal-mart company, was recently named Poynt’s COO. Aaron Leiba, a former Intel, Google, Apple, and Palm executive, was appointed VP of hardware engineering, and Musaab At-Taras, a former eBay and PayPal executive who most recently served as PayPal's head of global strategic integrations, has joined Poynt as VP of software development.