Vipps, the provider of Norway’s national payment system BankAxept, has selected Inside Secure in a bid to protect its mobile contactless payments.
Under the collaboration, BankAxept’s contactless payment capability will be secured by Inside Secure’s Code Protection and Whitebox solutions.
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The protection will be enabled for all cards as well as mobile phone payments.
Inside Secure leverages latest mobile payment technology and code protection tools to identify potential threats and protect the applications.
Vipps official Bjørn Skjelbred said: “We see Inside Secure as a dedicated partner in our commitment to providing the strongest possible security for our country-wide consumers.
“It’s clear that Inside Secure offers not only the technology, but also the knowledge needed to work with demanding financial institutions.
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By GlobalData“Inside Secure’s protection solutions for mobile contactless payments provides the peace of mind we need as we expand our business and innovate.”
Owned by Norwegian banks, Vipps is responsible for processing eight out of ten store purchases made by card in the country.
It is tasked with managing payment solutions in new channels on a commercial basis that include the deployment of contactless payments by card and mobile, online payment solutions, P2P-payments, electronic invoices (EBPP) as well as digital authentication solutions.
