INSIDE Secure MatrixHCE eases mobile payment app development for banks and card issuers, reducing their time-to-market
Aix-en-Provence, France, August 25, 2015 – INSIDE Secure (Euronext Paris: INSD), a leader in embedded security solutions for mobile and connected devices, today announced that its award-winning mobile payments security solution is now functionally Visa Ready approved by Visa Inc., for use in Visa Inc. territories. MatrixHCE, a software-based banking and payment solution, protects sensitive data on mobile devices while allowing banks to prominently market their brands. It permits mobile phones to be used as payment cards (credit, debit or prepaid) in the retail environment and supports key features such as transaction logging, receipts, biometric authentication and token processing.
“INSIDE Secure is extremely pleased to receive functional Visa Ready approval for MatrixHCE, one of the first mobile payment solutions for financial institutions,” said Martin Bergenwall, EVP of INSIDE Secure’s Mobile Security Division. “MatrixHCE not only meets the latest HCE standard, but it also incorporates potential future requirements including updatable whitebox cryptography to protect tokens, code and data.”
Additional features of MatrixHCE include:
- Interlocking security that protects the application and account data
- Tamper-proofing that ensures protection against malware attacks
- Dynamic White-box Cryptography (WBC) that enables full token processing by protecting all encryption keys
- Easy deployment across the Android eco-system
- Support for other leading payment networks
To learn more about MatrixHCE and its benefits, please visit: http://www.insidesecure.com/Products-Technologies/Mobile-Payment-and-Banking/Matrix-HCE
About INSIDE Secure
INSIDE Secure (Euronext Paris FR0010291245 – INSD) provides comprehensive embedded security solutions. World-leading companies rely on INSIDE Secure’s mobile security and secure transaction offerings to protect critical assets including connected devices, content, services, identity and transactions. Unmatched security expertise combined with a comprehensive range of IP, semiconductors, software and associated services gives INSIDE Secure customers a single source for advanced solutions and superior investment protection.