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
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...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
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.
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
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...
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 –...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...