Intercede enables secure payments and banking for financial technology specialist Interpay
MyTAM empowers Interpay to protect critical consumer data and financial transactions from malware present on the Android operating system.
Lutterworth, UK– Cybersecurity expert Intercede today announced that Korean m-payments specialist Interpay has signed up to use MyTAM to protect third party payment and banking apps running on the Android platform. The service allows Interpay to utilise the Trusted Execution Environment (TEE) to ensure sensitive consumer data is isolated from potential threats on the main operating system.
Interpay’s TZ OTP application uses two factor authentication and signing to secure m-commerce and banking transactions made through a range of third party applications. Intercede’s MyTAM enables Interpay to access the enhanced security features of the Trustonic TEE, a cryptographically locked, secure operating environment built into leading Android devices at the point of manufacture.
One key feature of the Trustonic TEE is the Trusted UI which works by allowing the end user to interact with the financial application to complete transactions and banking services, whilst protecting screen input and output from threats such as man-in-the-browser malware and spyware.
Interpay’s use of MyTAM is the largest deployment in the mainstream m-commerce sector since the product’s launch in February, and also marks Intercede’s expansion into the APAC market. Intercede CEO Richard Parris said: “Interpay’s selection of Intercede to secure its financial services platform demonstrates Intercede’s growing reputation as a leading security provider with a fully international reach. Intercede is fast becoming the first choice for companies looking to ensure end-to-end security on Android and is now allowing developers from all regions and a range of sectors to deploy highly secure applications.
“The APAC market is one of huge potential for Intercede. Its highly advanced m-commerce sector provides the perfect platform for widescale MyTAM usage to ensure customers using these services are fully protected from hackers and malware.”
Calvin Kim, CEO at Interpay, added: “Security is of the utmost importance in the m-commerce sector. The mobile financial technology industry is on a trajectory of astounding growth and it is vital that as this continues there are measures in place to ensure customers are not plagued by security fears. By partnering with Intercede we can utilise the advanced capabilities of the Trustonic TEE thereby giving our customers confidence that sensitive data passing through the Interpay platform is fully protected.”
“By working with Intercede, we can combine their strength in the US and Europe with our reach in APAC; opening up global opportunities for both companies.”
Intercede’s MyTAM service enables organisations – such as app developers, service providers, banks and media streaming companies – to load apps into the Trustonic TEE, and runs on Intercede’s established market-leading security platform, which is already used by some of the world’s largest enterprises and public sector organisations. It provides a scalable and cost-effective solution for any size of deployment, from enterprise apps with thousands of users to consumer apps with millions.
Intercede is a software and service company specialising in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity.
Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world’s largest corporations, telecommunications providers and information technology firms, for over 20 years.
Intercede’s MyID software is an identity and credential management system that enables organisations to create and assign trusted digital identities to employees, citizens and machines and in turn allows secure access to services, facilities, information and networks. MyID adheres to international standards, while remaining simple enough to be deployed onto consumer devices such as smartphones, tablets and other devices in the Internet of Things.
In 2015 Intercede launched MyTAM; enabling trusted applications to be loaded into a mobile device’s Trusted Execution Environment (TEE), providing hardware-level security for Android apps. The cloud-based service provides a cost-effective and convenient way for developers and corporations to protect their apps and users’ sensitive data.
For more information visit: www.intercede.com.
Interpay, founded in 2009, is a software and service company specializing in mobile payment and authentication. It provides ‘TZ OTP’ which is a TEE based authentication solution and ‘Paytok’ an electronic debit solution.
Based on its expertise of system management, financial service development and customer service operation, Interpay has developed TZ OTP, a TEE based authentication solution, suitable for mobile financial services. Designed to utilise the Trusted UI, it protects sensitive customer data from attempted hacks and provides a higher level of security.
By applying transaction signing techniques to TZ OTP solution, Interpay has created a true repudiation solution. Furthermore, Interpay is expanding its service offerings with cutting-edge security technologies in payment, banking, authentication and electric signature areas.
For its Paytok service, Interpay has business partnerships with major online shopping malls and major banks in South Korea.
Trustonic integrates hardware-level security and trust directly into the devices through which we access today’s connected world. Trustonic simplifies user experiences in everything from mobile shopping and Internet banking to entertainment to collaborating in the workplace.
Trustonic technology is embedded in over 400m smart connected devices, and partners with market leaders such as Samsung, Qualcomm, Symantec, and Gemalto. To learn more about Trustonic and how it’s making your connected world a better place visit us at www.trustonic.com.
Intercede Group plc
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
Tel: 01455 558111
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking
Tel: 020 7220 0500
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