|
ATLANTA, Ga. June 30, 2009 -- Firethorn Holdings, LLC, a Qualcomm company, today announced
enhancements to its mobile banking and
payments application to adhere to the industry's most rigorous
benchmark for secure credit card transactions - the Payment Card
Industry (PCI) Data Security Standard (DSS). In meeting the PCI DSS,
Firethorn reinforces its commitment to security and provides additional
protection for consumers' sensitive credit and debit card account
information in connection with each mobile banking session. It also
allows Firethorn's financial institutions, wireless operator and
merchant clients to offer enhanced mobile commerce options, such as
contactless payments, and other point-of-sale transactions, such as
gift cards and loyalty rewards.
“Our goal at Firethorn is to provide an easy, new way for consumers to
use their mobile devices for payments and other mobile commerce
transactions, and to enhance security by meeting or exceeding the
toughest industry standards,” said Tripp Rackley, president of
Firethorn. “We have worked hard to make sure our solution provides a
level of protection that exceeds our partners' and consumers'
expectations. Firethorn's latest service upgrades enable our partners
to enact a wide range of innovative mobile commerce implementations
with the confidence that their sensitive information is protected by
tested and accepted security measures.”
Firethorn's methods to protect customer data include encryption of
account information at rest and in transit, consistent monitoring for
malicious activity, and providing security awareness training for all
support staff. The Company also conducts regular security assessments
of its mobile services to verify that security measures are working
appropriately. Firethorn met numerous PCI DSS requirements by
relocating its mobile services operation to a protected data center
that provides 24/7 support for all Firethorn services.
The PCI DSS is a set of comprehensive requirements for enhancing
payment account data security, addressing policies, procedures, network
architecture, software design and other critical measures to protect
customer account data proactively. It was developed by the founding
payment brands of the PCI Security Standards Council™, which includes
some of the world's leading credit and financial services firms, to
help facilitate the broad adoption of consistent data security measures
on a global basis.
Firethorn's mobile commerce platform is the definitive banking,
payments and commerce solution for the present and future generation of
mobile services. The application provides consumers with simple,
convenient and efficient access to financial account information and
other services such as loyalty programs and targeted offers.
About Firethorn
Firethorn, a Qualcomm company, is a crucial link in
the emerging mobile commerce ecosystem. As a pioneer in mobile banking,
Firethorn is transforming the traditional wallet into a streamlined,
efficient and protected mobile revenue channel that will bridge
relationships among financial institutions, retailers, wireless
carriers and consumers. Firethorn's innovative technology creates
easily accessible, branded and personalized mobile commerce channels
that give consumers access to their accounts, offers and transactions
while on the go.
Information Source: Qualcomm
|