SecureKey to Demonstrate Secure Mobile Payment and Authentication Solutions at Mobile World Congress 2013

Cloud-based authentication solutions allow mobile devices to securely read contactless identity and payment credentials for online banking, payments, government and other applications

TORONTO--(BUSINESS WIRE)--SecureKey Technologies Inc. today announced, along with key technology partners including Broadcom (BRCM), that it will be demonstrating a number of mobile payment and identity applications based on its cloud-based authentication service at Mobile World Congress 2013 in Barcelona, February 25-28.

“By providing additional strong, two-factor authentication to allow people to easily log on to all their online services in a way that is reliable and secure, we hope to solve the trust problem of federated identification.”

These applications include:

• Mobile POS - secure EMV card read on smartphones and tablets
• Multifactor authentication for online banking, government, and healthcare using mobile devices with embedded secure element and NFC
• Mobile identity validation using mobile devices as secure terminals

“As a leading provider of NFC chipsets, Broadcom is pleased to showcase Mobile POS applications with SecureKey at Mobile World Congress,” said Mohamed Awad, Broadcom Director, Product Marketing, Mobile and Wireless. “Broadcom’s NFC solutions provide the advanced capability and flexibility required by OEMs to support mass market adoption of diverse applications like secure mobile payments and simplified connectivity. Through our collaboration with SecureKey, we now add authentication and mobile payment acceptance to the list of supported applications. The partnership with SecureKey is a natural next step as we continue building industry leading, highly integrated, NFC platforms for easy adoption by mobile, gaming, and consumer electronics OEMs.”

“Mobile World Congress is the perfect venue to introduce and demonstrate the strong authentication capabilities of our cloud-based authentication service for secure mobile applications, and as a preeminent supplier of mobile platform solutions, Broadcom is the ideal partner for conducting this demonstration,” said Charles Walton, CEO at SecureKey. “By providing additional strong, two-factor authentication to allow people to easily log on to all their online services in a way that is reliable and secure, we hope to solve the trust problem of federated identification.”

SecureKey’s cloud-based authentication service combines strong, device-based security with privacy-enhanced federated authentication. It provides a suite of services that allow customers to create simple, reliable, and secure authentication and payment solutions using devices and credentials people already have, enabled with the SecureKey security applet.

The SecureKey security applet is deployed as a software-only app, or may be embedded into SIM-based or embedded secure element devices in notebooks, tablets, and smartphones for additional hardware-based security. Unlike digital certificates and one-time password (OTP) generators, SecureKey’s solutions use security techniques similar to chip-and-PIN technology used in global payment networks to ensure that the device and every authentication event is secure and authentic, and protected from the device operating system.

The security applet reads Visa®, MasterCard®, American Express®, Discover®, Interac®, PIV, ICAO, and other contactless card formats. It is already embedded in 3^rd Generation Intel® Ultrabook™ computers with Intel Identity Protection Technology (Intel IPT). It is also available for Windows, Mac OS®, iOS, Android™ and BlackBerry® platforms, and may be embedded by developers into their apps using a software development kit (SDK), or delivered over-the-air by a trusted service manager into mobile SIM cards or embedded secure elements for hardware-based security.

About SecureKey Technologies Inc.

SecureKey is a global leader enabling user-centric identity and authentication networks. It provides an innovative cloud-based authentication service, which uniquely combines powerful, device-based security features with privacy-enhanced federated authentication. Highly scalable and consumer-friendly, the service enhances a wide range of online, mobile and in-person identity and payment applications for banking, government, healthcare and payments, as well as the extended enterprise. SecureKey is a Privacy by Design (PbD) Ambassador based in Toronto, Canada, with backing from leading technology, payments and mobile industry network providers. For more information, visit www.securekey.com.