Category: Mobile Security

Monet teams with IBM to boost mobile commerce in Pakistan

| November 3, 2012

 

Monet chooses IBM for new cloud-based system

Technology giant IBM has aIBM mobile commercennounced that Monet, a leading mobile commerce provider in Pakistan, has begun using its cloud-based solution to provide enhanced service to consumers. Mobile commerce is growing in the Middle East and Monet has positioned itself to become one of the leading platforms currently available to consumers. As mobile commerce becomes more popular, Monet is working to make payments more secure and placate some of the concerns coming from consumers.

Cloud-based system may help expand mobile commerce in Pakistan

Monet plans to use IBM’s cloud-based system to expand its presence throughout Pakistan. The company already caters to numerous mobile banking networks and branchless financial institutions, all of which consider the security of consumers’ financial information as a major priority. Mobile banking is becoming more popular in Pakistan, thus becoming a more attractive target for hackers and other parties with malicious intent. In order to meet the changing needs of its customers, Monet has turned to IBM.

IBM to develop private system based on SmartCloud technology

IBM will be developing a specialized system for Monet based on its SmartCloud technology. This cloud-based system will provide Monet with a more comprehensive mobile infrastructure, which is well suited to meeting the growing demand for mobile financial services, such as banking and commerce. Monet will not simply be relying on IBM to provide it with a new cloud-based infrastructure, Monet is also outsourcing its networking, security, cryptographic, and disaster recovery solutions to IBM. This will allow Monet to focus on the core of its business structure.

Pakistan consumers begin to show more interest in mobile commerce

Mobile commerce is often thought of in terms of payments. The term refers to a wide range of practices in the financial world, however, including banking. As more consumers in Pakistan acquire mobile devices capable of giving them access to high-tech financial solutions, banks and other financial institutions are demanding new comprehensive services that enable them to better serve their customers. Monet and IBM may be able to provide such service and solidify the growth of mobile commerce in Pakistan.

HID Global introduces new cloud-based security service

| November 3, 2012

 

VaultSecure Mobile Security Hid GlobalHID Global aims to make NFC technology more secure through new service

HID Global, a leading manufacturer of secure identity solutions, has announced the launch of a new cloud-based platform that will add more security to NFC tags and other services based on the technology. HID Global believes that the new security platform will eliminate some of the risks inherent in using NFC technology and make it more attractive for companies interested in things like mobile commerce and marketing. It will also provide another layer of security for the transfer of digital information, such as documents and other important data.

NFC receives criticism for lackluster security

NFC technology is popular in both mobile commerce and mobile marketing because of its ability to engage consumers in a dynamic way. In commerce, NFC serves as a platform for transactions being made through a mobile device, such as a smart phone. The technology is capable of turning these devices into mobile payments platforms. Despite the popularity of NFC technology, it has managed to attract criticism for its lackluster security features. Because the technology is beginning to play a bigger role in society, HID Global is looking to help solve some of the security problems inherent with NFC technology.

New services provides authentication and identity certification to NFC tags

The new service from HID Global will help ensure that NFC tags are safe and free of exploitation. This will be done through the attribution of an authentication transaction environment. This allows for the system to distribute and maintain identity certificates for the NFC tags it accounts for, thus ensuring the integrity of these tags. HID Global will be able to determine whether or not the tags associated with the system have been compromised and determine how they were exploited.

Security continues to be a major concern in mobile commerce

NFC technology has garnered a great deal of attention for its abilities to engage consumers in a new way. The adoption of the technology has, however, been impeded by security concerns. In mobile commerce, a shortfall in the security of NFC technology could mean that a consumer’s financial information could be at risk of theft and exploitation. These concerns have served to slow the progress of the mobile commerce industry significantly.