SecureKey Technologies Inc. has received a round of funding the payments-security company says will help it continue to introduce online and mobile payment authentication software to commercial clients.

The Toronto-based company announced May 29 it has raised $30 million in growth capital, with Intel Capital organizing the investors. Intel Capital is the global investment organization of Intel Corp., which plans to use SecureKey software as part of its Intel Identity Protection Technology on Ultrabook devices (see story).

New investors participating in the most recent round of funding were Visa Inc.; MasterCard Worldwide; Discover Financial Services; Rogers Venture Partners LLC, an early-stage funding source backed by Rogers Communications Inc.; and Telus Corp.

“We are thrilled to have attracted a team of world-class strategic investors who believe in our [services] and technology,” Greg Wolfond, CEO of SecureKey Technologies, stated in a company press release. “SecureKey allows consumers and businesses to use real-world payment and identity credentials with their computers and mobile phones to enhance online security and payments in a simple and convenient manner.”

SecureKey technology enables contactless payment authorization in laptops, tablets and mobile phones, while providing secure proxies, or intermediary servers, to stored credentials in device- or cloud-based digital wallets, the company stated.

What do you think about this? Send us your feedback. Click Here.

 

 

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry