Korean m-payments specialist Interpay has signed up to use Intercede’s 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.
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.”