TIDMIGP
Intercede Group PLC
19 May 2015
INTERCEDE GROUP plc
('Intercede' or 'the Company')
May 19, 2015
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.
ENDS
About Intercede:
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
About Interpay:
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.
About Trustonic
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.
###
ENQUIRIES
Intercede Group plc Tel: 01455 558111
Richard Parris, Chairman & Chief Executive
Andrew Walker, Finance Director
finnCap Ltd Tel: 020 7220 0500
Stuart Andrews, Corporate Finance
Joanna Weaving, Corporate Broking
Babel PR for Intercede: Tel: 020 7434 5550
Chris Donkin, Campaign Manager
E. intercede@babelpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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