PARIS, Oct. 26, 2016 (GLOBE NEWSWIRE) -- Safran Identity & Security, world leader in identity and security solutions, announced that its Airpass mobile payment solution, which includes a unique cryptographic security component, has been certified by Visa and Mastercard.
Airpass is a highly secure mobile payment solution which allows users to pay in store or online using a mobile phone. It has distinguished itself as the only solution on the market to be certified by Visa and Mastercard, not only in terms of functionality and quality requirements but also in terms of security.
This high level of security is in particular ensured by a unique whitebox cryptographic* component, with many possible uses. Airpass offers a software based alternative to securing sensitive data and mobile applications without using a secure element (such as tokenization for mobile payment).
Safran is also working on expanding this unique solution to secure digital identity documents such as electronic ID cards, passports and driving licenses on smartphones.
"Thanks to whitebox cryptography, we can provide a unique software solution to protect confidential information contained on a smartphone. The type of security offered by Airpass is a necessary prerequisite to boost the development of trusted mobile services, particularly in the fields of banking and retail", declared Olivier Méaux, Executive Vice President of the Digital Security and Authentication division at Safran Identity & Security.
*Whitebox cryptography secures sensitive and secret data using a software with a level close to that of a smart card.
Safran i s a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 70,000 employees and generated sales of 17.4 billion euros in 2015. Safran is listed on Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx 50 European index.
Safran Identity & Security is a global leader in identity and security solutions, deploying systems in more than 100 countries. Backed by more than 40 years of experience in biometrics, the company develops innovative technologies for the public and private sectors, including identity management, secure transactions and public security solutions.
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Press release (PDF) http://hugin.info/173291/R/2051597/767644.pdf
Source: Safran Identity & Security