In a recent publication from Financial-i (www.financial-i.com), LiveEnsure™ and Palm Tree Technology were featured as the ideal solution for securing transaction banking in 2010 and beyond. Entitiled “ A 2010 Global Transaction Handbook: Cash and Liquidity Management”, co-authors Nigel Woodward of Intel, John Burton of Petra Financial and Ross Macdonald of Palm Tree Technology cover the risks, trends and requirements of secure mobile cash transactions in Web 2.0.


To quote:

“Today security is cumbersome, often expensive, reliant on third parties and difficult to scale. For take up to achieve critical mass and thereby mass acceptance of the use of the mobile for financial transactions – a security solution needs to incorporate the following attributes:

• Stateless (no physical manifestation – either a dongle or software download);
• Secure against all known threats (validated by third parties);
• Simple (easy to use with minimal user training /education);
• Readily available (self serve registration on-line/SaaS solution);
• Easy to integrate into mobile applications; ␣ Not be reliant on third parties for
• authentication.

“...Working in this space is PalmTree Technology, with their Live Ensure™ service capability, which takes a different approach to security that is non- nvasive and significantly easier to implement and operate than techniques dependent on peripherals. Palmtree Technology take a market approach to security – the issue is cross-function and geographic – not case by case based on individual transaction types. Taking identity at market level, cloud thinking is a key construct for Live Ensure™ for tying access and usage policies to provisioning/monitoring systems that span external and internal processes. A multi-factor authentication process sets the stage for transactional security that assumes the bright lines of traditional security technology are approaching obsolescence....”


To read the entire handbook, download here:

Cash and Liquidity Handbook 2010

Tags: intel, liveensure, security, identity, press