Skip to main content

World Card Summit: 'Significant opportunities and challenges,' says G&D

Speaking on cloud-based security and mobility at this year’s World Card Summit Axel Deininger, Giesecke & Devrient’s President and Head of Secure Devices Division, said that the already large number of ‘Card not Present’ transactions offer security solution providers significant opportunities and challenges. But, he added, solutions for data encryption can in many cases be derived from existing portfolios – the key is providing both access and secure end-to-end solutions.
November 20, 2013 Read time: 2 mins
Speaking on cloud-based security and mobility at this year’s World Card Summit Axel Deininger, Giesecke & Devrient’s President and Head of Secure Devices Division, said that the already large number of ‘Card not Present’ transactions offer security solution providers significant opportunities and challenges. But, he added, solutions for data encryption can in many cases be derived from existing portfolios – the key is providing both access and secure end-to-end solutions.

The enterprise security market is growing massively, noted Gemalto’s CEO Olivier Piou. Mobile phones and tablets are the principle drivers however the cloud creates particular challenges because of the proliferation of solutions. Multi-factor ID has progressed but needs to progress further, said Stephan Hofschen, CEO of Infineon Technologies’s Chip Card Division; some form of standardised access is needed and Piou noted that One-Time Password technology is relatively easy to deploy.

Steve Owen, SVP of Identification Sales at NXP Semiconductors, observed that on the consumer side organisations such as Google are pushing more security-related features. “But,” he added, “in the same way that many people only buy a burglar alarm once they’ve been burgled, we need to make people realise the security threat before something happens.”

Related Content

  • IBTTA summit hits right notes in Salzburg
    December 5, 2018
    In the birthplace of Mozart, Colin Sowman found that delegates at the IBTTA’s inaugural World Tolling Summit were playing a variety of interesting tunes The first World Tolling Summit took place in Salzburg, Austria this autumn. Created and organised by the International Bridge Tolling and Turnpike Association (IBTTA), the event was supported by its European counterpart Asecap and hosted by Austria’s tolling authority, Asfinag. The transfer of views, experience and practice both ways across the Atl
  • C-ITS in the EU: ‘It has got a little tribal recently’
    April 16, 2019
    As the C-ITS Delegated Act begins its journey through the European policy maze, Adam Hill looks at who is expecting what from this proposed framework for connected vehicles – and why some people are insisting that the lawmakers are already getting things wrong
  • IBTTA boss Kathryn Clay leaves after four months
    April 29, 2025
    Surprise decision was 'mutually agreed' with tolling organisation's board
  • Q&A: Spire Payments
    November 20, 2013
    Kazem Aminaee, President and CEO of Spire Payments, talks to CARTES Daily News about challenges and opportunities – and about why the industry must embrace change Q Can you give a brief outline of Spire’s current business priorities? A To remain the fastest-growing European-based POS supplier and best alternative to traditional POS suppliers; to remain the leader in mobile POS; to remain the centre of excellence for T42xx and M43xx technology and to provide the best in kind call centre, logistics and