Mocapay Cites Security as Mobile Payment System Edge
"Mocapay Inc. says the key to making its mobile payment software appealing to users is security. The Denver mobile loyalty and gift card technology vendor took the wraps off a system last week that consumers can use to make purchases with their phones. Enrolled users can get one-time codes on their phones that can be used to charge payments to prepaid accounts.
'Transactions move through Mocapay's system as dynamic cryptograms, or tokens, so no sensitive data is exposed or stored on the handset or at the point of sale,' said Kevin Grieve, Mocapay's chief executive."
The State of Mobile Security in Banking & Financial Transactions
"Many financial institutions today are incorporating mobile banking and financial services as consumers increasingly turn to their mobile devices to conduct everyday tasks. Despite the convenience of doing business this way, the majority of consumers are reluctant to try mobile banking because of perceived security threats. This paper will address these largely unfounded consumer fears, provide an overview of security best practices and highlight the most popular strategies for deploying mobile banking."
VeriSign(R) Identity Protection (VIP) Access for Mobile Widens Support for Strong Authentication
" VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure for the networked world, continues to gain traction with customers in driving the adoption of mobile phone-based security for online access. The VeriSign® Identity Protection (VIP) Authentication Service is the leading cloud-based authentication service enabling secure online access for end users utilizing their mobile phones. Today, VeriSign supports both standalone mobile security applications as well as a Mobile Software Development Kit (SDK) for building security into mobile applications."
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