Securing the future of mobile payments

The number of devices capable of performing financial functions is exploding, and it is predicted that the world will have more than 20 billion connected objects by 2020[1]. But protecting and securing financial data, and the devices and services that use it, presents significant challenges in this dynamic, ever-expanding landscape. As technology continues to drive innovation in payments, first with the transition from plastic cards to smart cards, then contactless to mobile, and now biometrics and IoT, the financial services industry must be ready to respond to new and evolving cybersecurity threats. In today’s digital world a mobile app is a critical business resource for remaining competitive. Service providers must therefore ensure the safety of devices, applications and the sensitive payment data they store without impacting the end-user experience. This webinar will explore: The current payment landscape and the increasing diversification of payment-enabled devices and services; The urgent need for strong user authentication and secure biometric technology in payments and banking to achieve user convenience and security and protect from hacking and malware threats; The role of Trusted User Interface (TUI) in securing sensitive user information like passwords and biometrics, and preventing malware from running payment transactions without explicit user consent; How service providers and application developers can utilize widely adopted and deployed technical specifications to develop scalable, efficient and secure applications that also support privacy across a broad spectrum of payment services. Presented by Gil Bernabeu, Technical Director, GlobalPlatform