Tag: mobile technology

Bell ID has launched its new tokenization platform in order to support mobile commerce security

Bell ID, a payment credential management organization, has launched new software that could introduce more security to the mobile payments space. Security has been a problem in the mobile world for several years now. While there are many effective security solutions currently available in the mobile world, relatively few of these have been able to offer consumers interested in mobile commerce with the protection they need. Tokenization may be the solution to this problem.

Digital tokens remove the need for financial information

Tokenization is a relatively simple concept that involves replacing personal financial information with digital “tokens.” These tokens are used to authenticate a transaction and then are deleted after they have served their purpose. This removes the need for retailers and other businesses to access or store a consumer’s financial information, allowing for more secure in the mobile payments sector. Bell ID’s new Tokenization Manager software may help boost the popularity of tokenization.

Tokenization Manager to help businesses use digital tokens as a way to verify transactions

The company’s Tokenization Manager has already seen significant use by various NFC-based mobile payment solutions. The solutions use digital tokens as a replacement for credit and debit cards, as well as other financial information. Many organizations believe that digital tokens will mitigate the prevalence of large-scale cyber attacks, such as those recently targeting Target and Home Depot. These attacks seek to gather and exploit financial information, but malicious groups will not be able to use tokens in any way.

As mobile payments become more secure, consumers and businesses will become more likely to participate

Tokenization is becoming so popular that companies like Visa and MasterCard have begun to support the concept. Tokens could finally bring a high degree of security to mobile commerce, which has suffered over the years due to lackluster security support. As mobile commerce becomes more secure, a greater number of people and businesses are likely to enter the sector. Several companies have delayed their mobile plans due to security issues within the mobile space.

The next generation of mobile data technology is now already preparing for life as carriers still work on their 4G LTE.

At the same time that many wireless carriers in the United States and around the world are still working on the roll outs of their 4G LTE networks, Federal regulators in the U.S. are already turning their attention toward 5G.

This next generation of wireless and mobile technology will be tremendously faster than the current best.

The speed that 5G has to offer will be 1,000 times faster than what the average American currently receives from their fixed broadband connection at home. This will represent a revolution in the way that people will be able to access mobile data and could bring a defining difference to various areas such as m-commerce and viewing different types of media content over smartphones, tablets, and other connected devices.

This could mean that 5G will reduce or eliminate some of the obstacles currently faced in wireless technology.

The Federal Communications Commission now believes that this new wireless technology for mobile devices holds a considerable amount of promise within a high energy spectrum that has turned the attention of the industry toward the “millimeter waves” as a result of their frequency. The FCC has stated that it is going to look to the public in order to discover exactly what can be done for the promotion of this technology.

Engineers that have been working to develop this next level of wireless transmission technology have found that the current standard typically requires a considerable line of site connection between the receiver and the source. However, when using an advanced spectrum within the range of 24 gigahertz, which is notably higher than the level at which the majority of mobile devices operate (which is currently within the range below 3GHz), engineers feel that it will be possible for signals to be able to “ricochet” around obstacles.

FCC Commissioner Jessica Rosenworcel, spoke about 5G, saying that “Our next-generation networks are going to have to do some heavy lifting,” and added “So how do we meet those demands? We look up. Way, way up. To infinity and beyond.”