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Paymotech and Palm Tree Technology announce a strategic alliance to secure users mobile transactions
Paymotech and Palm Tree Technology announce a strategic alliance to secure users mobile transactions
Paymotech has entered into a joint venture with UK based Palm Tree Technologies to implement the privacy enhancing technologies to protect their global mobile users when they use the comprehensive line of telecommunication and payment services. These solutions are offered worldwide in both emerging and developed markets. The company offers services that include money transfer services, mobile wallet, mobile payment solutions, low cost mobile phone solutions and VoIP integrated in one product.
Fort Lauderdale,
Florida,
United States of America
(prbd.net)
24/06/2010
"Paymotech is growing rapidly, which reinforces our commitment to deliver brand innovation to an ever-growing mobile community. This initiative will build customer loyalty and trust in some of the world's most competitive mobile marketplaces. "
Key Points around this partnership
• Customers will benefit from a protected environment on their mobile devices.
• Both companies will focus on building trust around the new mobile medium.
• Palm Tree Technology PLC is the leading pioneer in bringing privacy enhancing
technology to the mobile transactions space.
Mr Christian Hessler, Chief Technology Officer, of Palm Tree Technology quoted:
“Implementing LiveEnsure™ into Paymotech services will provide safe and secure mobile
authentication for their users when they top up and use their phones. Their users will rest
assured that they can use the broad spectrum of Paymotech services safely and without fear
of fraud or Identity theft ."
Currently 2.7bn people living in the developing world do not have access to any sort of
financial service. We see increasing use of Mobile payments transforming the way people in
the developing world transfer money and Paymotech is poised to offer more sophisticated
mobile payments and banking services which could make a real difference to people's lives.
.
About Paymotech
Created in 1999, the Paymotech Group through its Swiss Holding Parent Company, is
currently listed on the Frankfurt Stock Market – Deutsche Börse Group (4PA.DE). Since
2004 and with its divisions Paytoo Mobile and Yackie Telecom, the Group offers Mobile
Phone solutions, VoIP, SIM cards free of roaming charges and secured e-commerce
payment transactions solutions.
The Paymotech Group is introducing its global platform. Paytoo Mobile is the first GSM
Mobile Wallet solution to combine telecommunications and mobile payments, all drawing
from a single account.
www.paytoo.com
About Palm Tree Technology.
Founded in 2004 Palm Tree Technology is a UK PLC Technology company with
innovative IP and global reach, markets and partners. The company’s products
include ID InsureTM an identity authentication application that secures users, devices,
sites, and sessions on client and host platforms. LiveEnsureTM is the authentication
self-service (SaaS) variant of ID InsureTM for small and mid-sized websites; an online
user authentication plugin that is a new breed of privacy enhancing technology that
enables secure online transactions.
About
Paytoo is the first Worldwide GSM Mobile Wallet that merges a complete Telecom Suite of Services and a Mobile Payment Solution using a unified balance.
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