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As mobile handsets become more prevalent as a tool for payments and banking, the security of sensitive data used becomes increasingly important. Considerations, such as how the applications and transactions are secured and delivered are key concerns of the mobile payment ecosystem.
Ukrainian company PriNum, an innovator in mobile commerce, has been selected as a regional finalist of the UBS «Future of Finance Challenge». The goal of the competition is to select the best innovative ideas that will disrupt the financial world and change the way banks work and how they meet clients’ needs.
PriNum, a market leader in mobile commerce, received the prestigious award - Acceleration Award from the Swiss bank UBS. The bank's main goal was to choose the most promising technological innovations to implement in 2016.
Today, Pri-Num Ltd., an award-winning United Kingdom-based digital payments and mobile wallet platform provider, has confirmed that it is now recognised as a Visa Ready Qualified Token Service Provider. Visa Token Service (VTS) is a new type of security technology replacing sensitive account information with a unique digital identifier token which permits payments to be processed without exposing actual account details.