Accumulate secures enterprise information using the mobile

With Accumulate's mobile platform Mobile Everywhere companies can create cost effective security solutions for identification, authentication and signing on the Internet.

Stockholm, 6 October, 2009 - Accumulate is launching Mobile Everywhere for Enterprise. This innovative and patented mobile technology platform enables enterprises and organisations to increase the use of the Internet as the carrier of sensitive company information. The technology also enables companies to offer their employees, partners and suppliers new innovative and secure services. The common feature of these services is that the mobile phone can replace security solutions like, one-time codes, hardware token authenticators, certificates on computers and of course the use of ID and password. In addition administration, logistics and the cost of hardware tokens and the alike are reduced.

"Many organisations would like employees to have secure access to the company system wherever they are. The problem has been to find simple and cost effective solutions. With Accumulate's technology companies can now provide their employees with access to information without high investments in special code boxes, scratch cards or costs of one-time codes via SMS. This though we make use of the user's mobile as a security device for login, authentication and signing", says Stefan Hultberg, CEO of Accumulate.

Mobile Everywhere works on all mobiles and with all mobile operators. The solution qualifies with the law as an advanced electronic signature and uses a method that in security language is called "two-factor, dual-line authentication". External experts have examined and approved Accumulate's technology for implementation in banking environment. Furthermore the technology gives protection against so called man-in-the-middle attacks and phishing of user ID and password.

"With our technology and use of the mobile as a security device we raise the level of security whilst making usage simpler. VPN login and login to websites with high level of security are examples where our solution fit in perfectly", says Stefan Hultberg.

Mobile Everywhere for companies, examples of security solutions

• Login
• Authentication
• Signing
• Information services direct to the mobile
• Protection against man-in-the-middle attacks and phishing of ID & password

Accumulate One-Time-Ticket (OTT)
Accumulate uses a patented solution, One-Time-Ticket (OTT), for one-times codes. This is easier, more secure and more cost effective than for example OTP (one-time password) and other solutions on the market. With OTT no user information (like user ID and password) is transported or saved over the Internet, and the cost of SMS text messaging or separate security devices is saved.

ME Platform - the technology behind
The basic components of Accumulate's ME platform are a client software which is distributed to the user's mobile and a background sever-based transaction system. The ME platform offers 3D security and uses the mobile itself as a security device. With Accumulate's technology actors on the market can offer cost effective secure transactions for identification and payments.

For each transaction two separate lines of communication are established - simultaneously - between the user and the server. This is done with two different communication systems, mobile phone and computer-to-computer communication via the Internet. Users use their own computer and mobile. The service provider sends and receives back encrypted information via its web server and an external transaction service.

Accumulate's ME products function on most mobile platforms including Android, Blackberry, iPhone, Java (J2ME), Nokia Series 40/60 and Windows Mobile.

More information
Stefan Hultberg, +46 70 350 5704, stefan.hultberg@accumulate.se.
Lars Aase, +46 70 144 1822, lars.aase@accumulate.se.

About Accumulate
Accumulate is a leading company in online security solutions for the mobile. Examples are secure log in, secure identification, secure card payments and payments by mobile.
For more information visit www.accumulate.se or contact us at our office.
London: Accumulate UK Limited, 306 Harbour Yard, Chelsea Harbour, London SW10 0XD, United Kingdom. Telephone + 44 207 351 5944.
Stockholm: Accumulate, Norrlandsgatan 23, S-111 43 Stockholm, Sweden. Telephone +46 8 2046 15.

Accumulate today has 7 million users and focuses on two business areas:
Mobile Everywhere - safe transactions for identification and payments.
Flexion - payment solutions and access rights for mobile retail of services and products.

Examples of mobile solutions that Accumulate develops and markets:

• Secure credit card payments.
• Secure login.
• Information to mobile (e.g. bank balances, transactions, points).
• Secure signing.
• Mobile payments.
• Flexible pricing solutions for purchasing to the mobile (ex games, music)
• Control of usage rights.