Encrypted credit card information stored on the device; decryption keys in the cloud.
appMobi offers app makers the 1Touch mobile payments service, which integrates with any payments backend, including direct carrier billing, PayPal, Authorize.Net, and Amazon Payments.
It stores payments information only on the user's device, never in an online database and uses the 256 bit Advanced Encryption Standard (AES) encryption level approved by the NSA.
Now, appMobi has integrated this with its cloudKey authentication technology, which stores the decryption keys in the cloud only.
Since this information is valueless without the user’s device and password, appMobi reckons the set-up is almost unbreakable.
Sam Abadir, appMobi’s CTO, said: “AppMobi’s engineers have long recognized that securing a centralised database is basically impossible – if it’s online, it’s vulnerable to break-in... there’s no way around it.
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“The real breakthrough of cloudKey is the "distributed key" data model - we don’t store anything of value in a centralized database, so there is nothing of value online for thieves to steal."
appMobi’s core development tools allow app developers to write once and publish anywhere. It offers a payments process as part of this proposition.
1Touch can be used for transactions involving digital or real goods and services, on any web browser, and the transactions flow through the standard web shopping carts and payment gateways .
It's billed at a fee per transaction, rather than a percentage of the transaction amount.
appMobi launched in October 2010, and claims its tech is being used by more than 8,000 developers to create and distribute cross platform mobile apps for iOS and Android.
