Masabi launch secure mobile card payments
Masabi, the secure mobile applications company, today announced that BT has completed validation of the cryptographic
algorithms used in EncryptME, the world’s first mobile Java security application that provides web commerce level security on the vast majority of existing handsets. EncryptME is to be used by train ticketing technology specialists YourRail to enable tickets to be securely bought and used from almost all mobile phones using credit and debit cards.
In a single SMS message, or a few bytes of GPRS data, EncryptME can set up a secure session and sign up a new user, a new credit card and make a transaction thereby bringing fast, secure and convenient m-commerce to mobile users across virtually all handsets in current use.
“The main reason internet commerce has not been extended into the mobile world has been that most handsets cannot support the security available on PCs which is necessary to safely authenticate users and perform transactions. EncryptME symbolises the turning of the tide,” said Ben Whitaker, Co-Founder and head of Security Development at Masabi. “For the first time EncryptME brings internet security to mobile phones thereby enabling the likes of Amazon, eBay and any other internet retailer to extend their offerings to users on the move”
