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protection of personal details. Using
Omlis mobile payment technology
guarantees effective and safe mobile
payments.
Traditional forms of cybercrime
like password and payment fraud
will still be problematic in 2015,
but larger scale corporate attacks
and hacking the Internet of Things
(IoT) will also be at a heightened
risk.
"In 2014, the breaches were
most commonly attributed to basic
security failures. The major attacks
at Target and JP Morgan Chase were
attributed to simple security failures
like phishing attacks on single users
and failure to implement two-factor
authentication," said Simon Cairns,
Director of Orion Software and
Services and leading enterprise se-
curity expert. "We advise businesses
to put procedures in place before an
attack happens, using anti-phishing
tools and cloud security. Starting the
New Year with a goal to be proactive
toward securing company informa-
tion should be every organisation's
top priority."
with reduced transaction fees as
compared to cards.
"Mobile payment security
at point of sale will continue to
gain importance for retailers, who
could see benefits from using the
notably secure NFC technology
which is becoming more widely
available," said Matt Banham,
Chief Technology Officer of
Omlis. "With mobile becoming a
top target, mobile security will be
of utmost priority for mobile app
developers and more specifically
those looking to deliver mobile
payment processing."
Omlis brings to market what
is believed to be the first mobile
payment solution designed, devel-
oped, and tested using high-integ-
rity development processes that are
typically used for security-critical
applications like air traffic control.
Large-scale breach of consumer
information is no longer a possi-
bility with Omlis mobile payment
encryption, which accelerates
payment authorisation in real-
time while providing enhanced
will account for a 20% share in
Europe by 2020.
"Not only is the demand
there, but there are clear advan-
tages from accepting mobile,"
said Milsted. "Mobile payment
capabilities offer retailers a new
chance at an omni-channel pay-
ment experience, where technol-
ogy becomes more consistent,
payment options are streamlined
and all infrastructures allow a
simple user experience for pay-
ments being taken at the till."
For businesses deploying
mobile payment solutions, real-
time analysis can ensure systems
are consistently up and running
to provide better customer service
utilising consumer data for per-
sonalised commerce. The oppor-
tunity to use mobile payments at
point of sale can offer a faster and
simpler payment option, allowing
consumers to process a payment
instantly with a direct-to-bank
mobile payment. Certain mPOS
systems can also make transactions
more affordable for merchants
"2015 will see the gap widen
between successful companies that
harness mobile payment technolo-
gies as a secure, convenient service
to consumers, and those who fall
behind technologically or fail to
grasp the importance of security on
mobile devices and within payment
transactions," said Markus Milsted,
Founder and CEO of Omlis.
Mobile payments security
experts Omlis and enterprise secu-
rity leader Orion SaS believe that
companies should consider certain
targets with respect to mobile pay-
ment security moving into 2015.
Firstly, adopt a mobile pay-
ment strategy. According to these
companies, almost half of mobile
users in the UK would like to use
mobile payments, and one third
of banking customers in the UK
will switch banks for a bank that
offers mobile payments this year.
Transactions processed via mobile
payments for traditional retailers
are expected to grow 600% by the
end of 2017 and alternative pay-
ment methods like mobile wallets
Mobilesecurityapriorityfor2015
Newcastle Upon Tyne, Tyne & Wear (UK)
More than a quarter of the global population use one
or more mobile commerce services and the mobile
phone is playing a key part in reinventing everyday
user experiences like shopping and work. There is a
growing need to implement mobile payment tech-
nology alongside enhanced mobile fraud prevention
techniques, which also requires better security at an
organisational level.
Biometricauthentificationtoseehugegrowthby2019
Basingstoke, Hampshire (UK)
A new report from Juniper Research has found that
that more than 770 million biometric authentica-
tion applications will be downloaded per annum by
2019, up from just 6 million this year and dramatically
reducing dependence on alphanumeric passwords in
the mobile phone market.
The report Human Interface &
Biometric Technologies: Emerg-
ing Ecosystems, Opportunities &
Forecasts 2014-2019 found that
a number of high-profile deploy-
ments of biometric authentication
techniques would drive wider
adoption. It highlighted Apple's
combination of Apple's Touch ID
authentication allied to tokenisa-
tion in NFC payments as a key
case in this regard.
It argued that fingerprint
authentication would account
for the overwhelming majority of
such apps in the medium term,
driven by increasing deployment
of fingerprint scanners within
mid-range smartphones. How-
ever, the report found that other
forms of biometric identification
that do not require embedded
hardware are also emerging, such
as Descartes Biometrics' ERGO
ear print biometric authentica-
tion app and Nuance's voice
authentication service.
A key benefit of biometrics
identified by the report was its
capability to enhance accessibil-
ity by reducing rejection rates of
authentication systems. It argued
that in addition to the enhanced
security, biometric applications
can improve the user experience
by making it low friction and
easy for the consumer to make
transactions.
The report also claimed that
as consumers seek to reduce the
likelihood of their social media
profiles being hacked, service
providers such as Facebook
may turn to facial scanning to
add value through increased
authentication security.
However the report cau-
tioned that there was a real
need to reassure consumers
of the security of biometric
technologies over alphanumeric
authentication and warned that
significant public education
would be necessary for this
potential of the technologies to
be realised.
The mobile phone is playing a key part
in reinventing everyday user experiences
like shopping and work.