Mozido has unleashed its new host card emulation (HCE) product, Mozido HCE. Additionally, Taiwan Mobile Payments. (TWMP) has chosen Mozido as provider for its HCE and tokenization services to its consortium of 27 Taiwanese banks and financial institutions.
Giesecke & Devrient and Ericsson have partnered to deliver a commercial end-to-end subscription management solution. Via a highly secure process, the system will enable the remote provisioning and management of mobile operator SIM profiles and policies.
Mozido has finalized the acquisition of digital commerce company, CorFire, with Mozido owning 80% of the company. Through this acquisition, Mozido increased its capabilities by incorporating CorFire’s technology platform and blue chip customer base including many of the largest mobile network operators (MNOs) around the world collectively serving more than 1.5B subscribers.
As payment networks mull facilitating transactions from automobiles there are security concerns now being aggressively addressed. Giesecke & Devrient and IBM are teaming up to work on a new connected vehicle security solution with the intent to make car hacks much more difficult in the future.
African mobile money service facilitates users to perform secured mobile payments and transfers over their mobile phones. Moreover, this service helps users to send and receive remittances, pay bills, make airtime transfers, receive and send money to near and remote locations, and enable movie or travel ticket purchases, among various others.
Gemalto reported second quarter total revenue soared 35.3% to €813 million, compared to €813 million in the prior quarter and €601 million in the year ago quarter. For the first six months of the year, revenue growth in Payment jumped 22%, Machine-to-Machine increased 23%, and Government Programs rose 17%, at constant exchange rates, largely exceeds lower SIM products and related services revenue.
Oberthur Technologies (OT) is opening of a new R&D center dedicated to security technologies for Smartphones and Mobile devices based in South Korea. This center will help handset makers deploy secure high-speed mobile services to accompany fast changing mobile users’ behaviors.
Oberthur Technologies (OT) has completed its acquisition of Prodo Telecom. Prodo Telecom is one of the few companies exclusively specialized in Over-The-Air (OTA) platforms.
MTS and SaskTel provincial telecommunications companies can now pay with their phone. TD is the first financial institution to offer this service to MTS and SaskTel customers.