SOURCE: Rivetz

March 03, 2015 00:01 ET

Rivetz Showcases Secure E-commerce Transaction on Android at Mobile World Congress

Rivetz Partners With Trustonic, Intercede and BitPay to Demonstrate 'Trusted Execution' of Bitcoin Payment on Samsung Galaxy Note 4

BARCELONA, SPAIN--(Marketwired - Mar 3, 2015) - Mobile World Congress - Rivetz (http://rivetz.com/) today announced it will be demonstrating at Mobile World Congress the most advanced mobile solution for e-commerce transactions, leveraging the built-in hardware security already shipping on most commercial handsets. Rivetz, in partnership with BitPay, will be demonstrating a simple-to-use, open-source payments technology compatible with any Trustonic-enabled smart device. The solution is compatible with many thousands of Bitcoin merchants, offering consumers peace of mind that their Bitcoin transactions are safe, private and secure. Rivetz's technological solution meets all of the requirements of the recently implemented regulations for European payments using smart devices.

The Rivetz solution takes advantage of the Trustonic TEE environment built into millions of smart devices to provide the trusted execution space for storing and processing Bitcoin private keys. The solution also takes full advantage of the Trusted User Interface (TUI) for secure PIN entry and secure display of the users' transaction details. Rivetz uses Intercede's MyTAM™ cloud service to securely load the bitcoin wallet into the TEE to protect the app and the data it accesses from threats that may be present on the handset.

The solution will be available in the second quarter of 2015 and is compatible with over 350 million existing Android devices, including Samsung smartphones. A short video of the demonstration can be seen at http://bit.ly/1EanqZk, showing the solution running on a Samsung Galaxy Note 4.

"Rivetz is delivering state-of-the-art support that will help Bitcoin be a standard, secure capability on every handset," commented Tony Gallippi, Co-Founder and Executive Chairman of BitPay. "We look forward to enabling the Rivetz capability as an option for millions of Bitcoin users."

"We are pleased to be working with Rivetz to bring state-of-the-art security and ease-of-use to consumers," said Ben Cade, Trustonic's CEO. "The Rivetz team is offering a great model for any app developer to leverage the advanced security that Trustonic TEE provides."

Intercede CEO Richard Parris added: "Apps used for executing Bitcoin transactions are an attractive target for hackers, who are developing increasingly advanced methods to deploy their malware onto Android handsets. By ensuring the activities of apps are kept separate and secure from the main OS, end users can be assured their Bitcoin transactions are protected."

Rivetz provides a software developer toolkit to enable any cryptocurrency or payment app to take advantage of Rivetz's capabilities. To sign up as a developer, visit developer.rivetz.com for more information and access to the tools.

Demos will be held daily at the Samsung partner booth Hall 8.1, Trustonic booth Hall 7, Stand 7G81 and at the Intercede booth Hall 7 Stand 7B81. To schedule a personal demo please contact sales@rivetz.com 

About Rivetz
Rivetz Corp. is focused on solving problems associated with consumers' relationships with financial and other online services. Rivetz provides a safer and easier-to-use model for all users to protect their digital assets and online transactions using hardware-based device identity. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit www.Rivetz.com.

About Trustonic
Trustonic integrates hardware-level security and trust directly into the devices through which we access today's connected world. Trustonic simplifies user experiences in everything from mobile shopping and Internet banking to entertainment to collaborating in the workplace. Trustonic technology is embedded in over 400m smart connected devices, and partners with market leaders such as Samsung, Qualcomm, Symantec, Gemalto and Good Technology. To learn more about Trustonic and how it's making your connected world a better place visit us at www.trustonic.com

About Bitpay
BitPay is the global leader in Bitcoin payment processing with offices in North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson. bitpay.com
Contact: kirsty@bitpay.com

About Intercede:
Intercede is a software and service company specialising in identity, credential management and secure mobility. Its solutions create a foundation of trust between connected people, devices and apps and combine expertise with innovation to provide world-class cybersecurity. Intercede has been delivering solutions to high profile customers, from the US and UK governments to some of the world's largest corporations, telecommunications providers and information technology firms, for over 20 years.

In 2015 Intercede launched MyTAM; enabling trusted applications to be loaded into a mobile device's Trusted Execution Environment (TEE), providing hardware-level security for Android apps. The cloud-based service provides a cost-effective and convenient way for developers and corporations to protect their apps and users' sensitive data. For more information visit: www.intercede.com

SEO:  Bitcoin, Trustonic Tee, Trusted Execution, Wallet, E-commerce, Trusted User Interface, mobile security

All product and company names herein may be trademarks of their registered owners.