Category: Mobile Security

INSIDE Secure introduces VaultSecure platform

| October 29, 2012

VaultSecure aims to transform mobile commerce

INSIDE Secure, a  mobile security firm, has launched a new platform called VaultSecure that will help consumers manage multiple mobile wallet applications on their smart phone or tablet. The company believes that the VaultSecure platform will help transform the mobile commerce industry. INSIDE Secure suggests that this will be the first time that smart phone makers, network operators, and others in the telecommunications industry will be able to share a secure element on a single mobile device.

Days of clashing mobile commerce applications may be history

Before VaultSecure, smart phones were only capable of supporting a single mobile commerce application without trouble. Multiple applications on a single device would often cause problems due to the clashing security features they have in place. In some cases, multiple mobile commerce applications could actually make financial information more vulnerable, thus leading many mobile network operators to favor a particular platform over others. This has led to severe fragmentation within the mobile commerce market.

Platform allows various appliVaultSecure Mobile Securitycations to coexist on a single device

This fragmentation can be seen all over the world. In the U.S., Google, Isis, and the newly formed Merchant Customer Exchange, are all vying for the affection of consumers and businesses interested in mobile commerce. Through SecureVault, the applications coming from these groups can coexist on a single mobile device, each able to access a consumer’s financial information independently. The platform will also encrypt this information for each of the mobile commerce applications, adding an extra layer of protection against malicious attacks.

Competition may prove to fierce for VaultSecure to find traction

INSIDE Secure will be selling VaultSecure to makers of smart phones and tablets. These companies will then have to work with the various companies involved in mobile commerce to incorporate the platform. Given the highly competitive nature of the burgeoning mobile commerce industry, it may be difficult to convince companies that having their platform exist alongside that of their competitors as a sound business move.

EnStream teams with RIM to make mobile commerce more secure

| October 25, 2012

 EnStream works to make mobile commerce in Canada secure

EnStream, a mobile solutions provider based in Canada, has reached a deal with Research In Motion (RIM), creators of the BlackBerry platform, concerning a new system that could make mobile commerce in Canada more secure. In 2009, EnStream, which is comprised of Canada’s three largest telecommunications companies, introduced the Zoompass mobile payment platform. The platform enables consumers to use their smart phones to pay for goods and services. As mobile commerce becomes more popular, security concerns are threatening to derail mobile payments in Canada, thus RIM has been tapped for its acclaimed security technologies.

RIM technology will help EnStream create new services

Through this new deal, EnStream will be able to make use of RIM’s Secure Element Manager, a system that will allow the company to manage the credentials of NFC-enabled smart phones in Canada. This move comes after EnStream finalized the sale of Zoompass to Paymobile, thus opening up the companies resources for the development of a new mobile commerce platform that may be better suited for the latest generation of NFC-enabled mobile technology. BackedMobile Commerce by RIM’s technology, the company may be able to help bring more security to mobile commerce in Canada.

Security continues to be serious concern for consumers

Security is one of the most significant problems facing mobile commerce today. Consumers have shown interest in the concept of their mobile devices doubling as payment platforms, but have also expressed extreme concern regarding the safety of their financial information. Security faults with NFC technology and the fact that many mobile commerce platforms can be easily exploited by hackers has caused some turmoil in the burgeoning industry. EnStream believes that bringing more security to the industry may also provide it will more stability.

EnStream to bring mobile payment services to MTS customers

EnStream has also signed an agreement with Manitoba Telecom Services (MTS) to bring its mobile payment technology to MTS customers by 2013. Once these services have successfully been incorporated into the MTS network, customers will be able to make purchases for goods and services using EnStream’s technology, as long as they have NFC-enabled mobile devices.