One of the obstacles to moving consumers to mobile payment as a principal platform is data security. SnoopWall recently launched its patent-pending software PrivacyShield as a means to address the problem.
To learn more about the problem, read this post on the SnoopWall website.
According to the company, Privacy Shield can be “embedded in any financial application such as mobile banking, mobile payment, or mobile wallet applications, and provide a ‘trusted connection’ so that information such as passwords or account numbers can be transmitted securely.”
SnoopWall has integrated its solution with a suite of mobile security apps developed by CUMobileApps, a company focused on providing mobile technology solutions to credit unions in the U.S.
Making mobile devices more secure is mandatory to encourage consumers to make the switch from traditional payment methods to digital payments. SnoopWall has emerged as one of many new entrants in this growth industry, sure to be important to any business over the forseeable future.