ARM Gets Into The Secure Mobile Payments Business

ARM Holdings, the British company that is famous for its ARM architecture and computer processors, has co-created a new company called Trustonic. ARM owns 40 percent of the company while Gemalto, a Dutch security company, and German payment systems company Giesecke & Devrient own 30 percent each. Trustonic aims to be the “new standard security provider to address the increasing need for trust built into smart connected devices.” Key industry partners include Samsung, NVIDIA, Cisco, Sprint, 20th Century Fox Home Entertainment, MasterCard, and Symantec.

Trustonic says that it will focus on developing the GlobalPlatform-compliant Trusted Execution Environment (TEE), which will offer a common security standard for connected devices. The TEE is going to be integrated into ARM’s TrustZone technology, which is basically embedded into its system-on-chips or SoCs. With Trustonic, customers can enjoy safer payments and service providers will be able to trust devices that are offering their services. Network operators can also incorporate revenue generating value added services and electronic device makers can use a secure platform that will protect sensitive assets such as passcodes, fingerprints, and certificates.

Gene Ryan Briones
Categories: General
Tags: ARM