Gemalto and Texas Instruments team on mobile financial services

Source: Gemalto

Gemalto, the world leader in digital security, today announced collaboration with Texas Instruments Incorporated (TI) to enable Gemalto Mobile Financial Services on TI's OMAP platform and M-Shield security technology for mobile devices.

The solution provides an integrated security platform for handset manufacturers and carriers to create a rich user experience for customers to securely conduct mobile financial transactions. CTIA Wireless attendees can see the technology in action in Gemalto's booth, # 559 of Central Hall C1/C2, in Las Vegas from March 23 - 25, 2010.

"As mobile devices become increasingly personal, end users continue to share and access more sensitive information on the go, including mobile financial services," said Fred Cohen, director, wireless OMAP ecosystem at TI. "TI's OMAP platform and Trusted Logic's Trusted Foundations software together provide a strong balance of security and functionality for manufacturers and operators to increase security, instill confidence in their offerings and protect customers' assets. This allows end users to experience rich mobile user interfaces in the secure application environment provided by our combined offering."

Gemalto's Mobile Financial Services runs on TI's OMAP platform trusted execution environment, which includes Trusted Logic's Trusted FoundationsTM. This secure environment provides protection for financial based applications stored and used on leading smartphones built with the TI OMAP processor equipped with M-ShieldTM security technology. Applications can be secured with strong two-factor authentication - verifying the user and the phone - which requires the user to enter securely a personal identification number (PIN) prior to gaining access to financial services applications.

"Gemalto's Mobile Financial Services applications are currently used by millions of people around the globe," stated Philippe Vallée, executive vice president, Telecommunications Business Unit, Gemalto. "This partnership with an industry leader like TI to place secure software within an OMAP platform provides the end customer of our combined offering the ability to enjoy the convenience of banking from their mobile device while resting assured that the application they are using is secure."

"This integration brings together the domain expertise of companies with a long history of serving the banking, telecommunications and mobile industries," added Dominique Bolignano, president of Trusted Logic. "This combined effort enables to now demonstrate a complete and immediately operational solution for m-banking, with a strong level of integration and end-to-end security."

Gemalto acquired Trusted Logic in September 2009 as part of its ongoing strategy to be the leader in digital security solutions and associated software and services to Gemalto's global customer base. Trusted Logic's Trusted Foundations provides an environment to secure sensitive applications on the handset and other devices. First deployments of this software focused on enterprise security and Digital Rights Management (DRM) to protect premium content. This environment has now expanded to mobile financial services. The technology is currently being turned on by leading handset manufacturers for use on multiple operating systems including AndroidTM, SymbianTM, and Windows MobileTM.

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