Voltage Security and Ingenico expand partnership for mobile payment security

End-to-end encryption of mobile payment data

The partnership aims to improve mobile payment security in-store by integrating Voltage SecureData Payments technology into Ingenico’s iSMP smart mobile EMV-enabled payment devices (view press release). Ingenico’s iSMP solution essentially turns an iPhone or iPod touch into an EMV Chip and PIN mobile POS solution whilst Voltage SecureData Payments provides the end-to-end encryption of payment data. The iSMP solution enables customers to use their smartphones to check if items are in stock, compare pricing, read item reviews and checkout “on the go.”

For retailers of all sizes, mobile payments represent a top priority, yet this emerging marketplace remains inherently insecure,” said vice president of product management Voltage Security, Mark Bower. “By joining forces with Ingenico, we’re able to offer retailers a high security solution that enables them to accept mobile payments from customers while maintaining PCI compliance in their own store environments.”

Global market forecasts for mobile payments range from USD426 billion to USD750 billion by 2015 but security concerns are still a key deterrent to adoption.


Related reading

Leave a comment