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The carrier mobile payment venture Isis said Monday that it is working with several major payment system providers to allow merchants to accept its system at the point of sale.
March 5 -
Telecommunication network providers may seem like banks' competition in the mobile payments arms race, but a look at initiatives around the world shows that collaboration between the two groups is the wisest course.
September 26
ARM, Gemalto and Giesecke & Devrient this week announced the creation of a joint venture dedicated to creating secure hardware for mobile devices, including tablets, smart-TVs, games consoles and smartphones. All three companies will contribute assets to the new venture, including patents, software, people, cash and capital equipment. ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient each owning 30%. The joint venture is subject to regulatory approval.
The three companies say the joint venture's new technology will be based on their existing solutions. London-based ARM, for instance, offers TrustZone hardware, a chip that can host two operating systems, one less secure (such as Android or iOS) and one more secure, such as Munich-based Giesecke & Devrient's MobiCore "trusted execution environment." These two technologies together offer a parallel world for mobile applications: a normal-security environment in which non-sensitive applications run and a more secure environment for sensitive applications. The new venture will develop a Trusted Execution Environment based on the ARM TrustZone security technology.
Gemalto, which is based in Amsterdam, also provides software for securing data and applications on mobile devices, as well as chips for debit and credit cards. It will contribute software expertise to the joint venture.
