Member Article

Newcastle's Omlis and Seric Systems confirm five year partnership to deliver mobile payment solutions

Newcastle-based Omlis global mobile payment solutions provider has announced a landmark 5-year distributor agreement today with award-winning global IT infrastructure supplier, Seric Systems.

This exciting partnership will see the revitalization of mobile payments security through delivery of high integrity security solutions, presenting a completely new and compelling proposition to the mobile payments ecosystem and the varied mobile payment technology platforms.

Seric, internationally recognized as a leading provider of IT infrastructure services, have established a leading position within the IT industry, positioned as the trusted ‘go-to’ provider for organizations seeking reputable and proven network analysis, IT security and fraud protection services. The dynamic partnership with Omlis mobile security now allows Seric to offer current and future customers advanced and mission-critical mobile payment security globally.

“Seric’s vision for IT security aligns strongly with our mission at Omlis in aiming to bring ultimate security across markets and industries. We are proud to be partners with a trusted organization like Seric who can leverage our core solution to counter global fraud through their recognized network of technology leaders,” said John Lethbridge, Strategic Partner Director at Omlis.

Despite the impressive growth in mobile payments, fraud, and more specifically, trust remains a major inhibitor to the realization of the full market potential of mobile payments. Leading fraud analysts Threatmetrix also recently highlighted that 5.85% of transactions currently derive from compromised devices with many attacks now originating from mobile devices. The predicted 7.6% annual growth of global mobile connections by the GSMA highlights the critical need for more robust security.

Omlis provides a highly secure, scalable, and interoperable mobile payment solution. Omlis’s completely unique methodology uses a high-integrity approach to software development, which has traditionally only been used for mission-critical, safety-critical and security-critical systems including air traffic control, military and defense applications. Omlis mobile payment security is the first and only solution that powers mobile transactions using high-integrity development.

Key to the Omlis and Seric partnership is this unique encryption approach, which Seric will incorporate into their technology offerings. Unlike other technologies, this mobile payment solution does not have a single point of failure because it displaces risk across mobile devices. This approach is in stark contrast to traditional systems that have a single point of failure where sensitive information is held and, consequently, leave the entirety of consumer information vulnerable to malicious parties.

“This solution will dramatically reduce security faults hindering current payment systems and encourage confident adoption of mobile payments,” said Stuart Macdonald, Managing Director of Seric Systems. “Global adoption of mobile commerce is upon us, and Seric has found a huge opportunity in utilizing Omlis’s unparalleled security for mobile payments.”

The announcement of the 5-year distribution agreement with Seric further strengthens Omlis’s position as a leading provider of highly differentiated, fully secure and massively scalable solutions specifically designed for the mobile world. Based upon Serics in-depth infrastructure expertise, market awareness and credibility, the announcement of this partnership promises completely secure, trusted mobile payment encryption technology to financial institutions and payment service providers, redefining the mobile payments security ecosystem.

As well as their recently announced UK partnership with Orion Software, a leading technology distributor in the UK, Omlis is geared to lead the Latin America region with key partners in Chile (ISN Technologies) and Mexico (Stratus Technologies). ISN technologies are a leading supplier of specialized technology solutions in Chile, servicing some of the country’s largest banks and retailers. Stratus Technologies are the leading provider of infrastructure-based electronic payment systems in Mexico and other key Latin American territories.

About Omlis – Omlis is a global mobile payment solutions provider bringing market proven, highly powerful, differentiated and most effective solutions to all mobile commerce security. Providing completely secure, unique and uncompromised technology with 100% fault-tolerant tracking of all payments in real-time for full transaction accountability.

About Seric Systems - Seric Systems are an award winning and leading trusted advisor in niche software and IT infrastructure, delivering bespoke technology systems for over 15 years. Seric is committed to supporting Omlis to grow as a as an organization and create new synergies with complimentary sectors to further add value to Seric’s own IT service delivery offerings. Learn more at http://www.seric.co.uk/service-support/fraud-prevention/

http://www.omlis.com/omlis-media-room/seric-systems-partnership-to-deliver-high-integrity-mobile-payments/

This was posted in Bdaily's Members' News section by Emma Thompson .