ARM has developed a new technology to secure mobile transactions

British designer ARM Holdings chips jointly with Gemalto and Giesecke & Devrient today announced the development of a new standard for smartphones, to accelerate the transfer of business data, as well as increased security in the transmission of information.

In April this year, the company has created a joint venture Trustonic, which is to establishing the new standard, as well as its hardware implementation, which would be possible to integrate into mobile devices. In the company to address the full range of tasks - from designing appropriate mobile chips to create applications that interact with it. Ben Cade, CEO, said that the established design allows you to get rid of third-party solutions that are now used for payments, such as debit cards, readers and other products, and provide customers with a solution for the secure exchange of data between devices.

Cade says technology is designed to reduce the time required to implement ecommerce-transactions from the current 2.5 minutes and 7 seconds. "The new technology on the one hand allows us to offer additional data protection, and the other - allows for new services for smartphones. Safety is extremely important for mobile phones, as more and more users are switching to mobile PC solutions" - said Cade.

According to him, Trustonic has already signed a number of agreements with companies Nvidia, Samsung and Mastercard for the deployment of support innovation.