27 July 2016
Find out more

UK government body to invest £1.5 million in m-commerce security projects

23 November 2012  |  8132 views  |  2 Online shopping buy now smartphone

The UK Government-sponsored Technology Strategy Board has earmarked £1.5 million in funding for new projects aimed at stimulating mobile commerce and countering the threat of theft and fraud.

Up to £1m is available for phase 1 of the competitive tender process and up to a further £500k may be available to further develop successful phase 1 projects.

Funding is open to single companies or organisations from the private, public and third sectors, including charities. Projects will last up to five months and successful applicants will attract a 100%-funded development contract of up to £50k.

Market support will be provided by the Technology Strategy Board and the Home Office, helping companies gain exposure to commercial organisations via the Forum for Innovation in Crime Prevention.

The competition opened on 19 November 2012, with networking events planned for London and Manchester in early December. The deadline for registration is noon on 9 January 2013 and the deadline for applications is at noon on 16 January 2013.

read the full brief:» Download the document now 783.9 kb (PDF File)

Comments: (2)

Pat Carroll
Pat Carroll - ValidSoft - London | 23 November, 2012, 14:48

The recent news that the UK government body, the Technology Strategy Board has set aside some £1.5m for m-commerce and fraud prevention projects, is a significant and positive step in the right direction for the industry.

 So far, we have seen a variety of companies racing to gain market share in the mobile market in many different forms, but some unfortunately at the expense of customer security. This new initiative helps to bring the focus of mobile security to the heart of the m-commerce debate. Lack of trust has always been the Achilles Heel in the take-up of e-commerce: m-commerce will be no different.

 Security measures needn’t be onerous or complicated for the customer to use, and yet can be very strong. A real-time, multi-layer approach, incorporating visible and invisible security layers can be achieved today – allowing total risk discrimination at the transaction level and with “low-or-no” customer friction.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
David Abbott
David Abbott - PayCommerce - London | 23 November, 2012, 17:29

It is possible that they would be better off making this money available to Universities and inviting companies in the Mobile and fraud management space to provide commercially logical bids to the Uni's to undertake R And D that could be made available to ALL interested parties...  We need to bind our University and businesses together - the use of this type of funding would be a great facilitator and would remove a lot of the tender administration and vetting costs - which will probably be 30% of the value of the funds allocated if fully loaded..

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Worldwide mobile payments volume to hit $1 trillion by 2017 - IDC

Worldwide mobile payments volume to hit $1 trillion by 2017 - IDC

16 November 2012  |  15466 views  |  2 comments | 56 tweets | 23 linkedin
We wish you a mobile Christmas

We wish you a mobile Christmas

12 November 2012  |  5496 views  |  0 comments | 11 tweets | 4 linkedin
Mobile banking now mainstream but many customers left unsatisfied

Mobile banking now mainstream but many customers left unsatisfied

02 November 2012  |  9218 views  |  1 comments | 27 tweets | 7 linkedin
NatWest suspends GetCash app amid fraud fears

NatWest suspends GetCash app amid fraud fears

08 October 2012  |  10465 views  |  6 comments

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9441 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9321 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8092 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6022 views comments | 14 tweets | 19 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
6011 views 0 | 9 tweets | 3 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job