Daniel R. Döderlein, founder and CEO of mCASH explains: "mCASH is a provider of mobile payment services that make daily life easier for the user and affords access to new services. When implementing new technology, it is important to make sure the user understands that they are using a secure service. mCASH has implemented security measures that are as stringent as those used by the major banks, and now aims to tighten security even more. We have therefore implemented Promon's leading security technology for apps to protect our mCASH app from identity theft and manipulation."

Promon Shield closes security holes in applications, preventing Trojans, spyware and other types of malware from interacting with the application and avoids leakage of sensitive data handled by the application. The technology significantly reduces the risk of both transaction fraud and leakage of sensitive information, thereby protecting companies’ assets, reputations and customers.

Jan Søgaard, CEO of Promon comments: “The use of mobile banking and payment services has increased dramatically in recent years and, in many scenarios, currently exceeds the number of PC-based services. Payment apps offered in the market require the end-user to enter sensitive information onto mobile devices, which are becoming a prime target for malware attacks, so security is becoming increasingly important. Promon has predicted a revolution within app protection, where the enterprise providing the app will have to assume responsibility for user security. To this end, we’ve introduced "self-defending apps" as a concept to describe apps with integrated security.

"We make more and more use of our mobile phones and there is a global increase in the number of threats and attacks involving the theft of sensitive information or money. Banks are currently spending substantial amounts of money on central security systems, and spending far too little time on securing the customer's identity on mobile phones or PCs and they need to start taking action to protect apps utilised by their customers. Promon Shield is a tool whereby the banks and payment service suppliers can quickly and cost-efficiently protect their apps, without having to make any changes to user-friendliness. mCASH is the perfect example of a service supplier who gives priority to user security and has taken action to achieve maximum protection for customer identity and transactions by introducing self-defending apps," Søgaard concludes.