Alcinéo has chosen Trustonic Application Protection (TAP) to protect its mobile point of sale (mPOS) apps.
Following the deal, banks will now be able to offer Alcinéo’s mPOS solutions to their business clients, enabling them to accept payments on mobile devices whilst protecting their customers’ data and payment credentials are protected to the highest level.
Accepting contactless payments on a smartphone app is highly beneficial for small businesses and large. The benefits are driving the rapid adoption of mPOS, with Juniper Research forecasting that these transactions will represent 24% of all POS transactions by 2023.
Arnaud Corria, CEO, Alcinéo, commented, “As demand for and use of smartphones as card acceptance readers continues to grow, simple security is crucial to protect transaction data from malicious attacks. Integrating TAP enables us to provide an mPOS solution that processes payments with the same level of security as a contactless-capable POS – all on a smartphone. No annoying hardware tokens; same security.”
Founded in 2012, Trustonic was formed by blue chip leaders in the semiconductor industry (ARM) and digital security (Gemalto). Trustonic has already worked with mobile devices, such as those from Samsung, vivo, OPPO, Xiaomi, LG, Meizu and Gionee, and has working solutions today underpinning Symantec VIP, Samsung Knox, Samsung Pay, Alipay and WeChat Pay.
Alcinéo will integrate Trustonic’s technology to embed MCL (Mastercard) and PayWave (Visa) microkernels into the device’s Trusted Execution Environment (TEE). This protects apps, data and IP from software vulnerabilities in devices’ rich operating systems, which could be exploited by hackers or malware looking to steal sensitive data.
The PCI-compliant Alcinéo mPOS solution will also uses Trustonic technology to secure the information displayed and entered on-screen, with a feature called Trusted User Interface (TUI).
Dan Rawlings, chief commercial officer, added: “Using TAP to build strong security into the app and employing the TEE to store payment credentials on-device, rather than an embedded Secure Element (eSE), enhances security, delivers a frictionless user experience and enables companies like Alcinéo to bring the best payment solutions to market without complex agreements with device manufacturers and mobile carriers.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
