More Secure Cell Phone Transactions On the Way

Two security companies – Diversinet Corp. and Intersections, Inc. - recently joined forces to help provide a full security suite for mobile users, as more and more personal information moves onto cell phones to be transmitted wirelessly.

With the advent of mobile transaction services like Verizon Wireless’s Obopay, cell phone security is a growing concern for many early adapters. The added convenience and exciting potential of mobile transactions are, for some, tempered by security concerns; this is one hurdle that must be overcome in order for the technology to enter the mainstream.

Intersection plans to use Diversinet’s service, MobiSecure Wallet and Vault, to provide the kind of mobile security that makes it nearly impossible for an identity thief to steal your personal information as it projects through the air via a wireless network. A highlight of the product, for example, allows consumers to securely store information on the cell phone itself, meaning there’s less interaction with a remote server, and, as a result, less exposure.

It all sounds very technical and/or obtuse, but, in simple terms, Intersection plans to provide a higher level of mobile security to major organizations – financial institutions, commercial vendors, etc – which, in turn, allows those entities to market themselves as “more secure� than the competition. In the end, expect to see that kind of language from your bank, your grocery store, and your gas station, as they vie for your business. And that can only benefit the wireless consumer.