Paymotech has entered into a joint venture with UK based Palm Tree Technologies to implement the privacy enhancing technologies to protect their global mobile users when they use the comprehensive line of telecommunication and payment services . These solutions are offered worldwide in both emerging and developed markets. The company offers services that include money transfer services, mobile wallet, mobile payment solutions, low cost mobile phone solutions and VoIP all integrated into a single product offering.

Commenting, Michel Poignant, CEO of Paymotech, says:

"Working alongside the leader in the development and deployment of privacy enhancing technology will build confidence and trust in our services. Paymotech is growing rapidly, which reinforces our commitment to deliver brand innovation to an ever-growing mobile community. This initiative will build customer loyalty and trust in some of the world’s most competitive mobile marketplaces. We look forward to a long and prosperous relationship.”

Key Points around this partnership:

• Customers will benefit from a protected environment on their mobile devices.
• Both companies will focus on building trust around the new mobile medium.
• Palm Tree Technology PLC is the leading pioneer in bringing privacy enhancing technology to the mobile transactions space.

Mr. Christian Hessler, Chief Technology Officer, of Palm Tree Technology quoted:

“Implementing LiveEnsure™ into Paymotech services will provide safe and secure mobile authentication for their users when they top up and use their phones. Their users will rest assured that they can use the broad spectrum of Paymotech services safely and without fear of fraud or Identity theft."

Currently 2.7bn people living in the developing world do not have access to any sort of financial service. We see increasing use of Mobile payments transforming the way people in the developing world transfer money and Paymotech is poised to offer more sophisticated mobile payments and banking services which could make a real difference to people's lives.

To read the entire press release, click below.
Paymotech_Press

For further information, contact:

Palm Tree Technology PLC:
Louise Robertson
Marketing and Corporate Communications,
Palm Tree Technlogy PLC
louise@palmtreetechnology.com

Tags: security, identity, mobile, payments, paymotech, paytoo, global, voip

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

Palm Tree is proud to announce it has been selected as a finalist in the HP Global Cloud Security Challenge 2010. Palm shares the final round with Axsionics(Switzerland), Catbird(USA), CloudSwitch(USA), DSG at Imperial College of London(UK), Kerosene(USA), PerspecSys(Canada) and WhiteBox Security(Israel). If selected as the final winner, Palm will be awarded a cash prize, exclusive access to the HP Labs for product testing and a presentation debut at the 5th Annual GSC Summit in London. We are very excited about this validation of our innovative technology for security the identity in the cloud, and look forward to future competitions and validations. Stay tuned for final competition results due in June 2010.

Tags: HP, security, award, liveensure, identity

Palm is proud to announce an extension to the early access registration for the LiveEnsure™ SaaS Authentication service. Please visit us at www.liveensure.com to register and submit your site, application or company for early access to the breakthrough cloud security solution coming this summer.

Tags: liveensure, beta, security

Palm Tree Technology is proud to announce its entry into the 2010 HP Labs Global Cloud Security Challenge. Prizes include cash awards and the opportunity to conduct advanced product testing at HP Labs. Stay tuned as we update this blog for progress and results/learnings from the experience.

Tags: HP, challenge, identity, security, liveensure

Palm Tree Technology announces the release of mobile agents for ID Insure™ 2.5. Design specifically for iPhone and Blackberry applications, the ID Insure™ mobile agents offer developers the ability to secure their apps with ID Insure™ Digimetrics™. For more information or to become a development partner for ID Insure™ Mobile, contact us.

Tags: iphone, mobile, agents, blackberry, nokia, identity, security, liveensure

Petra Financial has successfully completed the integration of Palm Tree Technology's ID Insure™ into their Touchstone and Touchstone Mobile applications. HSBC's Mobile Payments Solution is one of their first customers. The combined solution provided by Palm and Petra has been adapted for use on most mobile devices to ensure its rapid and wide adoptions.

Click below to read the entire press release:
Palm, Petra and HSBC

Tags: petra, HSBC, bank, identity, security

Petra Financial and Palm Tree Technology reveal at SIBOS secure Mobile Banking prototyped on an Intel Mobile Internet Device

Petra Financial and Palm Tree Technology have collaborated to demonstrate how the next generation of Mobile financial services will be able to use high powered Mobile Internet Devices and tablets that are ‘always on’ and will open up new markets for devices between smart phones and notebook computers. Read the entire press release here.

Press Release:
Palm, Petra and Intel

Tags: intel, petra, iphone, blackberry, identity, security

Palm Tree Technology will be attending the Sibos SWIFT convention in Hong Kong in September. Already partnered with several key players at the convention, including Intel and Petra, Palm will be meeting with several new clients/customers and industry leaders focusing on ID Insure™ and the new SaaS offering: LIveEnsure™. Stay tuned for reports from Sibos.

Tags: sibos, petra, intel, security

Palm Tree Technology is proud to announce a new partnership with Petra Financial Services. Petra develops mobile banking software for major global banks, including their flagship Touchstone Mobile application. ID Insure™ has been selected as the security layer for their software on iPhone, Blackberry, Palm and many other mobiles as well as portal interfaces for browsers. To quote Petra: "The ID Insure Agent provides greater resilience and security than traditional https protection and has a secure one time encrypted channel that is destroyed and never re-used. Not only that, its’ security provisions are so strong that AON and Munich RE are prepared to offer Insurance products against our security layer." Palm Tree and Petra will be bringing their joint solutions to banking, e-commerce and online customers around the globe. Stay tuned for more information.

LIke: http://www.petrafinancial.net

Tags: petra, idinsure, security, identity

Palm Tree Technology has partnered with a leading edge R&D firm in the US, MAST Labs LLC. MAST Labs develops disruptive IP for entertainment, multimedia, e-commerce and security with a focus on Web 2.0 and beyond. MAST will provide research, development, engineering and strategic direction for PTT’s next wave of technologies and services. Based in Denver, CO and Los Angeles, CA, with satellite labs in Ohio, Michigan and Florida, MAST promises to bring even more innovations to market through the global PTT IP licensing engine. MAST has pioneered technology revolutions such as ID Insure™, Wavelution™, FlikCart™, GAIMPlay™, s(A)gent™ technology and many others. For more information on MAST Labs, contact info@mastlabs.com or info@palmtreetechnology.com.

Tags: mastlabs, multimedia, security