EDS, Gemplus and Sonera's Smarttrust unit have established a global alliance to define security technology for customers undertaking ecommerce transactions using mobile phones.
Radicchio will be based on a Public Key Infrastructure (PKI) framework developed by Sonera Smarttrust and touted among certification authorities, mobile operators, systems integrators, device manufacturers and financial institutions.
The alliance members also hope to persuade national governments, government bodies and regulators to use Radicchio as the basis for new ecommerce legislation or guidelines.
Harri Vatanen, senior vice president of Sonera Smarttrust, said: "Eservices, like Internet banking and online share dealing, are already possible on mobile phones, but one of the main things holding organisations back from offering them is concern about the security of their data and their customers' data." He added: "Through the Radicchio initiative, we aim to help companies and customers understand that the technology exists to make mobile commerce transactions just as secure as any that happen in the physical world."
The goal is to provide a standards based environment upon which vendors can base their mobile commerce software, services and devices so that users can exchange information and undertake financial transactions securely.
Dust storm on Titan only the third Solar System body where such storms have been observed
New technique could enable quantum computers to scale-up to millions of qubits
Systrom and Krieger taking time off "to explore our curiosity and creativity"
Comcast's £29.7bn winning bid more than twice the £13.7bn Rupert Murdoch valued Sky at just eight years ago