HP and Partners Unveil Secure Mobile Commerce Solution

Strategic Insights -

As the mobile phone market continues to boom, HP and its partners have announced a new solution that will enable mobile service providers to deliver a wide range of new services to existing and future GSM phones. The VeriSmart GSM solution, the result of a collaboration between HP, VeriFone, and De La Rue, aims to provide a secure, standards-based platform for mobile commerce, allowing operators to capitalize on the rapid growth in data services. This innovative solution has the potential to unlock new revenue streams for operators and transform the way consumers interact with their mobile phones.

Key Takeaways:

  • The VeriSmart GSM solution is designed to enable the development and secure delivery of electronic commerce services to consumers' GSM phones, starting with simple information services like news, weather, and stock quotes.
  • The solution combines capabilities from De La Rue's SIMphonIC Toolkit and VeriFone's VeriSmart GSM server with interfaces to Internet payment and payment processing software.
  • The result is a secure offering based on Java Card 2.1 and evolving ETSI standards that will allow full interoperability between GSM applications, subscriber identification modules (SIMs), and handsets.
  • The solution features VeriSmart's high-level security architecture that has received approvals from card associations and financial institutions worldwide for e-commerce applications.
  • HP plans to implement the VeriSmart GSM solution to mobile operators around the world, integrating it with their existing customer-care and billing systems through HP's mobile partners.
  • The solution will enable consumers to conduct over-the-air provisioning of services and payment, marking a significant shift towards mobile commerce.

Statistics:

  • The mobile phone market is experiencing a 300% growth rate in data services.
  • The VeriSmart GSM solution is designed to support the growth of mobile commerce by enabling the secure delivery of e-commerce services to GSM phones.
  • HP has a presence on every Fortune 500 telecommunications company in the world.
  • HP has over 122,800 employees worldwide.
  • HP's revenue for its 1998 fiscal year was $47.1 billion.

Sources:

  • "HP and VeriFone Team with De La Rue to Deliver Secure Mobile Commerce Solution" [No date]
  • "Hewlett-Packard Co." [No date]
  • "HP's VeriFone" [No date]