Welcome!

News Feed Item

ChinaPnR and V-Key Strategic Alliance -- Securing over 1 Million Merchants

SHANGHAI, April 1, 2014 /PRNewswire/ -- Leading financial payment provider China Payment and Remittance Service Co., Ltd. ("ChinaPnR") formed a strategic partnership with mobile security and cryptographic technology pioneer, V-Key Inc ("V-Key"). At the same time, the latest version of the "ChinaPnR POS Acquirer" Android mobile client, integrated with V-Key's security technology, has officially gone live. This collaboration will provide trustworthy security assurance to over a million merchants.

HK95134LOGO-a

ChinaPnR launched the Point of Sale (POS) payment acquisition query platform "ChinaPnR POS Acquirer" on mobile platforms in June 2013, the first of its kind in China dedicated to providing professional, convenient payment acquisition and management services to small and medium-sized merchants.

In early 2014, the "ChinaPnR POS Acquirer" mobile client went through an overhaul to provide merchants with a new financial service, "ChinaPnR Interest Generator." With the upgraded version, merchants would not only be able to view daily transaction balances, conduct real-time settlements, and communicate with customer service, but also carry out idle fund investment and management. As a result, merchants are provided with a more holistic financial management experience.

A few days ago an upgraded version of "ChinaPnR POS Acquirer" mobile client was released. Among other changes, the new application is integrated with V-Key's world leading mobile security technology, providing reliable security assurance to end-users. "It leverages on V-Key's unique virtual secure element coupled with the latest mobile intrusion detection and protection mechanisms based on combinational heuristic algorithms. With independent control component and trustworthy cryptographic processing, mobile malwares such as Trojan or keyloggers will not be able to intercept or tamper with sensitive user input; at the same time sensitive data would be encrypted, rendering it immune to information leakage or data theft, thus ensuring a 360-degree comprehensive security protection for end-users' information," Patrick Lin, CIO of ChinaPnR further commented that with the use of V-Track, part of the V-Key Mobile Application Security Management suite, all malicious threats would be monitored and collated, based on which the detection and protection mechanisms of V-Guard could be continuously optimized and updated so as to achieve robust and thorough security capabilities continuously.

Mr. Benjamin Mah, CEO of V-Key, says, "After a stringent evaluation by ChinaPnR on various solutions in the market, we are very pleased to be selected to protect their mobile applications. As described by ChinaPnR, V-Key technology leverages on our unique virtual secure element and cryptographic engine to provide comprehensive protection mechanisms safeguarding mobile applications' runtime environment, program logic and important data. With this partnership between V-Key and ChinaPnR, leaders in their respective fields, I believe ChinaPnR would soar to even greater heights as the leader in the mobile economy, we shall define the next-generation mobile security standards together."

For any enterprise and user, sensitive information such as critical transactions and data handled by mobile applications are of paramount importance. Among various recent attacks reported globally, customized malicious applications and automated attack agents targeting mobile devices showed the fastest growth. In particular for the over one million small and medium sized merchants using ChinaPnR's services, it is crucial to be able to defend against external cyber threats while enjoying the convenience to manage their wealth. Through the strategic partnership with V-Key, ChinaPnR managed to turn the "ChinaPnR POS Acquirer" mobile client into a threat-aware and tamper resistant intelligent application, effectively helping these merchants achieve both objectives.

About CHINAPNR CO., LTD.

ChinaPnR was founded in July 2006 by senior management personnel from the China financial industry. Headquartered in Shanghai, it has branches in more than 30 cities across China, and in 2013 achieved more than 1 trillion yuan as the third largest third party payment provider in China. ChinaPnR is a founding member of the Payment & Clearing Association of China, with Payment Business License issued by the People's Bank of China, Online Fund Sales Payment and Settlement Permit approved by the China Securities Regulatory Commission, as well as Cross-border Payment Business License awarded by the State Administration of Foreign Exchange.

At present, ChinaPnR provides comprehensive financial payment services to more than one million medium and small enterprises, 95% of domestic commercial banks, and hundreds of leading P2P companies; as well as one-stop financial platform for 2 million investors and financial advisers. Its industry partners cover the airline, hotel, logistics, education and many others.

For more information, please visit www.chinapnr.com.

About V-KEY INC

V-Key Inc, a pioneer and inventor of mobile security solution suite. V-Key researches into the latest mobile threats and delivers advanced protections to meet the evolving mobile application threat landscape, powered by its patent pending V-OS virtual secure element and V-Guard suite of products. V-Key has offices in the USA, Singapore, and the Philippines.

For more information, please visit www.v-key.com or contact us at [email protected], +65-64712524.

HK95134LOGO-b

Logo - http://photos.prnewswire.com/prnh/20140401/HK95134LOGO-a
Logo - http://photos.prnewswire.com/prnh/20140401/HK95134LOGO-b

SOURCE V-Key Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
As cloud adoption continues to transform business, today’s global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at @DevOpsSummit at 19th Cloud Expo, Charles Kendrick, CTO at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and deve...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...