COMMUNICASIA 2008: Qpay Launches Latest Suite of Mobile Transaction Technologies

(Product News, 19 Jun 2008)

In the face of the current global concern regarding the increasing rate of cyber crime and identify theft, Qpay Australia Pty Ltd has launched Qpay—a solution offering consumers a comprehensive mobile transaction platform that is more secure, reliable and flexible than anything offered by banks or financial institutions worldwide. The company is currently showcasing the solution at the CommunicAsia 2008 trade event in Singapore Expo, which runs June 17 to 20.

"Our technology uses up to five factor of authentication, whereas every other platform on the market is only two factors or less and can be easily hacked or compromised. This means that anyone using Qpay for their shopping, banking and funds transfers can be confident that their details are safe and they will never fall victim to the threats and thefts that take place every day around the world in the online environment," says Greg Walter, CEO and Founder of Qpay. "For the first time ever, banking and transacting via a mobile phone is safer than anything that is done on the internet."

The Qpay platform is immune to the countless threats that exist in the online commerce world such as Man-in-the-Middle attacks, Trojans and rootkits, new versions of which seem to be released regularly. What's more, at no stage in the transaction process do the customer's card or banking details travel on the internet.

Walter says credit card fraud has increased 30 percent in the last 12 months, and with the move to mobile phone for commerce and banking this is set to increase exponentially. The Qpay security platform is said to reverse this trend and provide for unprecedented levels of security and ease of use.

Qpay's lineup includes MoSRA (Mobile Secure Remote Access), MoLoad (Mobile Reload), MoTrade (Mobile Trading), MoBank (Mobile Banking), MoMall (Mobile Shopping Mall), and MoShures (Mobile Brochures).

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