Telsecure has developed a mobile payment solution, which it claims will revolutionise payments and virtually eliminate credit card fraud. In conjunction with its partners Generics Group, Telsecure has synthesised a mPayment system, securePay, using the existing transactional infrastructure and mobile phone networks.
It is designed to provide an easy-to-use mPayment environment that allows three-factor authentication for all credit card transactions and, unlike chip and PIN transactions, also provides security on card-not-present transactions.
