Licel vTEE Achieves EMVCo Approval Again
The groundbreaking virtual trusted execution environment, Licel vTEE, stands out as the only SBMP TEE to receive evaluation and approval from EMVCo. This marks another milestone in the continued recognition of Licel's innovative technology.
Unprecedented Recognition for Android Platform
Licel's vTEE has received re-evaluation and has been successfully approved by EMVCo under the SBMP TEE category for the Android platform, making it the second consecutive year for this accolade. This achievement arrives just six months after its earlier success for the iOS platform, reinforcing Licel's commitment to excellence in mobile security.
Expanding Adoption Across Industries
Since its introduction, the Licel vTEE has been embraced across a variety of sectors, significantly impacting the mobile wallet and SoftPOS sectors. It empowers organizations to perform sensitive transactions securely, ensuring that clients can confidently embrace modern financial technologies.
Enhancing Security and Compliance
With a platform-agnostic approach and robust protection features, the Licel vTEE simplifies the certification process for clients. According to Ivan Kinash, co-founder and CEO of Licel, the external evaluation of the vTEE greatly helps clients streamline their own compliance processes, making it a time-efficient and cost-effective solution.
The Role of Licel vTEE in Mobile Payments
Developers of mobile wallets and SoftPOS solutions recognize the stringent nature of the EMVCo SBMP TEE evaluation process. The ability to use a certified solution like the Licel vTEE alleviates many hurdles, enabling faster market entry while maintaining high security standards.
Driving Innovation in Security
The advanced cryptography and adaptive protection offered by the Licel vTEE makes it a suitable solution for various players in the mobile payments ecosystem, from banks to different card schemes. The vTEE facilitates Trusted Applications, fostering trust on inherently untrustworthy devices like mobile phones.
Continuous Improvement Based on User Feedback
Licel is dedicated to constantly optimizing the vTEE for a wide range of mobile devices. The recent release of version 1.2 reflects the company’s efforts to enhance security features continuously. Working alongside Applus+ Laboratories, a leader in testing and certification, this version meets the highest industry standards.
Looking Towards the Future
As noted by Jose Ruiz, Cybersecurity BU Director of Applus+ Laboratories, the ongoing evolution of the Licel vTEE is a significant development for mobile application security. The meticulous evaluation process ensures that the vTEE remains a reliable resource for developers and businesses alike, asserting its position in the mobile payment landscape.
About Licel
Licel is a pioneering force in mobile channel protection, developing advanced solutions such as anti-malware, device intelligence, and a virtual trusted execution environment. With more than 12 billion instances under protection, Licel's technology secures around 310 million users in the mobile banking sector.
About Applus+ Laboratories
As a global leader in testing, inspection, and certification, Applus+ Laboratories specializes in IT evaluations to ensure the security and functionality of products and technologies, maintaining a strong focus on advancements in mobile security.
Frequently Asked Questions
What is the Licel vTEE?
The Licel vTEE is a virtual trusted execution environment that provides security for mobile applications and transactions.
How has Licel vTEE been recognized recently?
It has been re-evaluated and approved by EMVCo under the SBMP TEE category for its Android platform for the second consecutive year.
Why is the Licel vTEE important for mobile developers?
Using Licel vTEE simplifies the certification process for developers of mobile wallets and SoftPOS, saving both time and costs.
What industries benefit from the implementation of Licel vTEE?
Key sectors include mobile wallets, SoftPOS vendors, banks, and card schemes.
What are the latest developments regarding Licel vTEE?
Version 1.2 of the Licel vTEE has been released, meeting high security standards as verified by Applus+ Laboratories.
