RegionsEEAARM Makes Move into Secure Mobile Payments

ARM Makes Move into Secure Mobile Payments

UK semiconductor and software design company ARM Holdings (ARM), is moving into the secure mobile payment market by taking a 40% stake in a new company, Trustronic, which ARM, is developing a platform for secure payments over mobile devices.

ARM’s partners in the venture are Dutch security company Gemalto and German payment systems company Giesecke & Devrient, each of which has 30%. Trustronic will be based in ARM’s UK home town of Cambridge.

Companies that are reported to have expressed interest in adopting the Trustronic platform are Samsung, Cisco, 20th Century Fox, Mastercard, Sprint, Symantec, Wave Systems, Nvidia, Discretix, Irdeto, Inside Secure, and Good Technology.

According to reports, the new company aims to commercialise trusted execution environments (TEEs), which have some similarities but also a number of major differences from the so-called ‘wave-and-pay’ near-field communications (NFC).

Related Articles

“Destroy or democratise” – how Open Banking will impact connectivity

Banking “Destroy or democratise” – how Open Banking will impact connectivity

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Money market reforms: Navigating LVNAV, CNAV and VNAV

EEA Money market reforms: Navigating LVNAV, CNAV and VNAV

5m Victoria Beckett
The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

EEA The Challenge of Building and Maintaining a Central Treasury Operation in a Decentralized Company

5m BELLIN
The Treasury Challenge of a Post-Merger Integration

EEA The Treasury Challenge of a Post-Merger Integration

5m BELLIN
The Challenge of Integrating Worldwide Subsidiaries into one TMS

Baltics The Challenge of Integrating Worldwide Subsidiaries into one TMS

5m BELLIN
Q&A with BMG's treasury : BELLIN - We Love Treasury 2

EEA Q&A with BMG's treasury : BELLIN - We Love Treasury 2

5m BELLIN
PSD2: dull name, but seismic effect

Clearing & Settlement PSD2: dull name, but seismic effect

5m Alex Kwiatkowski