Licel Gains Second EMVCo Approval for vTEE on iOS
Licel, a premier name in mobile application protection, has once again achieved a significant milestone by renewing its EMVCo Security Evaluation and Approval for the Licel vTEE (Virtual Trusted Execution Environment) on iOS. This certification strongly signifies Licel’s unwavering dedication to delivering secure and reliable mobile payment and digital identity solutions.
What is Licel vTEE?
The Licel vTEE functions as a software secure element embedded within mobile applications. This innovative software solution creates an isolated environment for sensitive operations, eliminating the need for hardware secure elements for running trusted applications. When combined with Licel's advanced protection suite, including app and runtime security from DexProtector and real-time risk assessments via Alice Threat Intelligence, it establishes a robust defense system that ensures integrity in mobile transactions.
Importance of Security Approval
The renewed approval from EMVCo, an authoritative body dedicated to ensuring the secure integration of card payment products, indicates that the Licel vTEE consistently meets stringent international mobile payment security standards. This certification empowers developers to craft compliant and trustworthy solutions that cater to the growing demand for secure mobile transactions and identity verification.
Building Trust in a Mobile-First World
In today's mobile-centric marketplace, where app-based payments and digital wallets are ubiquitous, having an external security verification is vital for fostering trust among users. The Licel vTEE aids solution providers in collaborating towards achieving compliance with standards such as EMVCo SBMP or PCI MPoC. This fundamental framework allows for secure cryptographic operations, efficient storage solutions, and safe executions without depending on hardware security modules.
Revolutionizing Security Tools for Application Developers
Historically, developers creating payment wallets or digital identity solutions faced the challenge of building distinct sets of security protocols for different platforms, such as Android and iOS. The introduction of Licel vTEE marks a revolutionary shift, presenting a certified hardware-agnostic secure enclave. This universal layer caters to trusted applications, enabling developers to write sensitive code once and apply it uniformly across significant mobile operating systems. This approach simplifies development processes, enhances compliance, and speeds up the rollout of secure mobile services.
Commitment to Excellence
Licel’s co-founder and CEO, Ivan Kinash, expressed that EMVCo's evaluation and approval serve as a testament to their ongoing improvement journey. He emphasized that each certification renewal, including the most recent one for the Licel vTEE on iOS, reflects a transparent collaboration with clients and Licel’s steadfast promise to stay ahead of emerging security challenges and compliance demands.
About Licel
Licel stands at the forefront of advanced mobile channel protection, securing billions of app installations around the globe. Their solutions provide trusted protection for prominent mobile banking platforms, digital wallets, and SoftPOS applications, ensuring safety and reliability for users everywhere.
Frequently Asked Questions
What is the Licel vTEE?
The Licel vTEE is a software secure element that provides an isolated environment within mobile applications for sensitive operations, ensuring high security.
What does EMVCo approval signify?
EMVCo approval confirms that the Licel vTEE meets the highest international security standards for mobile payment solutions.
How does Licel enhance mobile security?
Licel integrates advanced protection solutions including DexProtector and Alice Threat Intelligence, delivering comprehensive security for mobile applications.
Why is compliance important for developers?
Compliance helps ensure that mobile applications meet necessary security standards, fostering user trust and mitigating risks associated with data breaches.
What sets Licel apart from other security providers?
Licel's unique approach combines software-based security with hardware-agnostic solutions, simplifying the development process for secure multi-platform applications.
