Intel to Utilize Technology Built by Toronto's SecureKey

Toronto-based SecureKey Technologies has announced that Intel will utilize its authentication technology as part of Intel's Identity Protection Technology on Ultrabook devices next-generation Core technology.  The agreement will "greatly expand the number of devices that will be preconfigured to support SecureKey's authentication, identity and payment solutions."

"We are excited about working with Intel at the very core of their Intel IPT and NFC technology to enable a broad range of solutions for electronic commerce and online authentication," said Greg Wolfond, CEO of SecureKey Technologies Inc. "The solutions we are deploying, including 'tap-to-pay' and 'tap-to-authenticate', use real-world payment and identity credentials which people know and understand to enhance online security and payments in a simple and convenient manner."

The use of NFC-based contactless cards "is growing rapidly as a global standard to enhance security and privacy, as well as reduce identity theft and fraud," says the company.

By embedding its technology in mobile computing devices, SecureKey allows consumers and business to securely access online services and affect payments online simply by tapping these cards and on their NFC-enabled devices. Working with device or cloud-based digital wallets, SecureKey can also provide secure proxies to stored credentials, making the online experience even more seamless.

Working with Intel, SecureKey technology can be used by devices that support the U.S. Government's National Strategy for Trusted Identities in Cyberspace and Canada's Federated Identity Management, which promote interoperability of security credentials to lower costs, improve convenience for consumers and build a more secure ecosystem for online payments and authentication for consumers and business.

"Intel Identity Protection Technology provides users of Ultrabook devices and future generations of Intel-based devices with a more secure and convenient e-commerce experience," said George Thangadurai, general manager, Intel PC Client Services Group.  "Intel looks forward to collaborating with SecureKey to provide innovative solutions for consumers and businesses."