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mobe Taps CellTrust Global SecureSMS Gateway for Mobile Payments
(Wireless News Via Thomson Dialog NewsEdge)
At CTIA Wireless, CellTrust, a secure mobile information management and
delivery provider, announced that mobe has selected CellTrust's Global
SecureSMS Gateway to ensure the secure transmission of SMS messages for
payments, commerce, banking and other confidential content to and from
its network of mobile bank account holders.
mobe, in conjunction with University Bank, is a supplier of mobile
banking, mobile payments, merchant services, global remittance and
banking security.
SecureSMS Gateway allows businesses to exchange critical information
with customers in a trusted environment on the mobile device. Setting
itself apart from consumer-grade SMS, CellTrust's SecureSMS Gateway
gives the message sender the ability to confirm when text messages are
delivered and/or read via a highly encrypted, tamper-proof transfer
process with no size limitations along with remote wipe functionality
that ensures users can wipe the handset if it is lost or stolen.
As mobile consumers across all regions and age segments gain confidence
in sending messages to friends and loved ones via text message, the
trend of conducting more sophisticated and personal content will
continue to rise. The increasing use of mobile devices to transfer
funds between bank accounts and other important activities will become
the standard of the industry in the near future, and CellTrust is
providing the mobile industry with Secure SMS solutions that make high
risk messages secure and safe from being read by others or tampered
with during transmission.
"mobe, has an innovative approach to banking, looking at the large
underbanked' population in North America, and the Global SecureSMS
Gateway from CellTrust is giving us options we previously could not
consider," said Jim McLeod, president of mobe, Inc. "We believe that
certain information which could not have been sent to customers using
consumer grade SMS can now be sent to consumers securely. CellTrust
SecureSMS opens the door for many organizations to go beyond the limits
of consumer grade SMS."
mobe allows customers to send, receive, spend and secure money from
anywhere in the world anytime of the day any day of the week, all
through the convenience of a mobile phone. mobe stands to make a huge
impact in the unbanked, peer-to-peer money transfer, merchant services
and global remittance sectors.
"As mobile banking becomes secure we will see a paradigm shift in the
way people do their banking," said Sean Moshir, CEO of CellTrust.
"Early adopters such as mobe, Inc. will begin to solidify their
position in the space as did the Yahoos and E-bays of the Internet era.
I believe the mobile industry will parallel the Internet era in many
aspects and companies who do not act quickly will be left behind. The
impact of Mobile Internet will be dramatic and CellTrust looks forward
to being a part of making people's lives more secure, convenient and
comfortable."
With mobe licensing CellTrust SecureSMS consumers now have the ability
to conduct peer-to-peer secure money transfer and merchant services via
the mobile phone. Consumers can transfer funds to their mobile phone,
or someone else's mobile phone, The mobe card, The Virtual Card,
existing debit cards, and existing checking accounts. For example, when
a teenager wants to buy books in a bookstore, they could notify their
parents and the parents can immediately credit money to the teenager's
debit card with a simple, yet secure, text message for the purchase.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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