Accumulate has announced support for Android on its mobile payment and security platform Mobile Everywhere. Using the platform, mobile phones can replace security solutions as hardware security tokens, one-time codes or certificates on a computer.
To reduced administration, logistics and cost of special security devices and the like, Accumulate's solutions are claimed to make the everyday life easier for the user when information can be accessed anywhere and anytime. In addition, Android mobiles can now use the Accumulate payment solutions, for example, pay with phone in the store, pay online, person-to-person money transfers and to pay for goods in vending machines.
"The amount of users of Android mobiles is growing rapidly. Using Accumulates Mobile Everywhere solutions, these users can now pay with mobile at merchants and do login at their internet bank instead of having special security devices and the alike. We also see that businesses use of Android is taking off, and enabling companies and organizations with our solution will introduce very cost-effective and secure solutions. One example is login to the corporate VPN using the mobile phone as security device", said Stefan Hultberg, CEO of Accumulate.
Mobile Everywhere works on all mobiles and with all mobile operators and subscription types. The solution qualifies with the law as an advanced electronic signature and uses a method that in security language is called "true two-factor, dual-line authentication". External experts are said to have examined and approved Accumulate's technology for implementation in the banking environment. The technology is also claimed to offer protection against so called 'man-in-the-middle' attacks and phishing of user ID and password.
"Another example is that users of PayEx Mobil, a mobile payment service based on Accumates security platform, can now use Android mobiles to pay for purchases in store and online, and transfer of money person-to-person," added Hultberg.
Accumulate uses its patented solution, One-Time-Ticket (OTT), for one-times codes. OTT is said to offer a true 2-factor authentication that is more secure, easier to use and more cost effective than for example OTP (one-time password) and other solutions on the market. With OTT no user information (like user ID and password) is transported or saved over the Internet, and the cost of SMS text messaging or separate security devices is saved.