Gemalto and Texas Instruments (TI) have partnered to enable Gemalto Mobile Financial Services on TI’s OMAP platform and M-Shield security technology for mobile devices.
The new solution will provide an integrated security platform for handset manufacturers and carriers to securely conduct mobile financial transactions.
TI’s OMAP platform includes Trusted Logic’s Trusted Foundations, which provides protection for financial-based applications stored and used on smart phones, according to Gemalto.
Payment applications used with the solution can be secured with strong two-factor authentication – verifying the user and the phone – which requires the user to enter a PIN.
Gemalto and TI will present the new technology at the CTIA Wireless in Las Vegas from March 23 – 25, 2010.