Cybersecurity company Intercede this week announced that Korean mobile payments company Interpay has signed up to use MyTAM to protect third-party payment and banking apps running on the Android platform, according to a press release. The service enables Interpay to use the Trusted Execution Environment (TEE) to ensure sensitive consumer data is isolated from potential threats on the main operating system.
 
Interpay said in an announcement its TZ OTP application uses two-factor authentication and signing to secure m-commerce and banking transactions made through a range of third party applications. Intercede’s MyTAM will enable Interpay to access the enhanced security features of the Trustonic TEE, a cryptographically locked, secure operating environment built into leading Android devices at the point of manufacture. 
 
Interpay said one key feature of the Trustonic TEE is the Trusted UI which works by enabling the end user to interact with the financial application to complete transactions and banking services, whilst protecting screen input and output from threats such as man-in-the-browser malware and spyware.

"Interpay's selection of Intercede to secure its financial services platform demonstrates Intercede’s growing reputation as a leading security provider with a fully international reach," Intercede CEO Richard Parris said in a statement. "Intercede is fast becoming the first choice for companies looking to ensure end-to-end security on Android and is now allowing developers from all regions and a range of sectors to deploy highly secure applications. 
 
"The APAC market is one of huge potential for Intercede. Its highly advanced m-commerce sector provides the perfect platform for widescale MyTAM usage to ensure customers using these services are fully protected from hackers and malware."