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Accumulate secures mobile banking applications


Accumulate launch the Safe Frame Library giving banks the opportunity to move their new or existing mobile banking services to a new level, from informational to transactional services.

Stockholm, Sweden – December 6, 2010. Accumulate launch the Safe Frame Library making today’s mobile banking reaching the security level needed to enable mobile services, like monetary transfers and agreement signing. Using this technology and the same platform, banks can also easily deploy todays and tomorrows mobile security, mobile banking and mobile payment services.

Today mobile banking initiatives is about information services like account balance, transaction history and money transfer between own and predefined accounts. To gain the next level namely transaction services, another level of security is needed. With Accumulates thin smart client and safe frame technology, including a full Public Key Infrastructure (PKI) implementation, banks can now start offer its users the next level of mobile banking services. These services also gain the ease of use graphical interface and are from start available on all mobile platforms on the market including the new Windows Phone 7.

”With this launch banks and financial institutions can move their mobile initiatives to the next level introducing best in class security. Combining highest security with great user experience that works on most mobile handset platforms and this in a cost effective way, will pave the way for many new and attractive mobile financial services”, says Stefan Hultberg, CEO of Accumulate.

The Safe Frame Library in short
Enable PKI security for existing mobile applications and mobile web services
User is positive identified through existing web channel and receives an unique application ID
When the application is activated the safe frame library executes a number of authentication verifications (IMEI, IMSI, PIN)
Establishes a secure transaction environment trough RSA key exchange and AES encrypted TCP/IP communication to the transaction server
Truly identifies the user and provides signature possibilities in accordance to EU's directive on advanced digital signature, Directive 1999/93/EC

More information
Stefan Hultberg, +46 70 350 5704, stefan.hultberg@accumulate.se.
Lars Aase, +46 701 441 822, lars.aase@accumulate.se.

About Accumulate
Accumulate is a leading provider of secure online solutions for mobile. The company's patented technology offers solutions such as, mobile banking, mobile payment and security services using your mobile for secure authentication, login and electronic signing. For more information please visit www.accumulate.se.


Publisher Contact Information:

Accumulate
+46 701 441 822
lars.aase@accumulate.se

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