Ericsson’s Wallet Platform is the first mobile money service in the world to earn the security standards certification, boosting its security credentials. Ericsson Wallet Platform 3.0 is the version reached currently and it recently got the official certification for the Payment Card Industry Security Standards Council’s Payment Application Data Security Standard.
This certification confirms that a financial software solution is able to provide excellent security standards. Both banks and operators benefit from Ericsson’s solution and security features, as far as mobile money services go. Jan Willekens, Ericsson M-Commerce Information Security Manager claims that Ericsson is a global leader in the mobile financial services and offers a scalable service and also a secure one.
For now, Ericsson Wallet is the only mobile service on the market to be certified this way, but we’re sure more will follow. PCI security standards have the role of protecting both the cardholders’ data and everything that happens with it as it passes through various merchants and organizations. A council of firms like MasterCard and Visa enforces the rules regarding that matter.
via cellular news