Recently, China UnionPay launched a mobile secure payment product - Mobile Shield. China UnionPay has signed a joint innovation cooperation agreement between Mobile Shield with Industrial and Commercial Bank of China. Currently, ICBC employees are trialing internally and will be open to ordinary users soon.
Mobile Shield is a mobile U Shield that supports large-scale transactions based on the Trusted Service Management Platform (TSM). Through the hardware-level information security storage capabilities of mobile phone manufacturers, it provides users with online application and management. Mobile Shield Comply with the requirements of the "Mobile Terminal Security Financial Shield Specification" of Beijing Mobile Financial Industry Alliance, it has the advantages of being safe, convenient and large-scale. It is mainly used in banking business with large-scale capital transactions on mobile banking APPs, and can also be used in large-scale consumer services. Users only need to have a savings or credit card that has been launched on the bank, and they can log in to the mobile banking APP on the supported Huawei mobile phone to apply for the mobile shield to open the mobile shield. Users can conduct large-scale transfer services based on this product, or they can be easily closed.
In recent years, China UnionPay has actively explored diversified payment innovation models, continued to deepen the construction of the payment convenience ecological construction, and worked with all parties in the industry to effectively promote the healthy and orderly development of the payment industry. With the maturity and popularity of UnionPay mobile flash payment business, commercial banks, mobile phone manufacturers and China UnionPay have formed a widely recognized operating model. With the help of this industrial ecosystem, the three parties have further joined forces to enter the field of large-scale mobile payments and expand the convenience scenarios of mobile payments. On the one hand, UnionPay provides a unified mobile shield interface to commercial banks. Commercial banks can connect to multiple mobile phone manufacturers by one by one, solving the problems of fragmentation of mobile phone operating systems and TEE, different eSEs, and inconsistent interfaces; on the other hand, UnionPay provides a unified mobile phone shield interface to mobile phone manufacturers, and mobile phone manufacturers can connect to multiple commercial banks by one by one, solving the problems of different banks and personalized business needs.
htmlOn April 20, China UnionPay and CICC Financial Certification Center Co., Ltd. (CFCA) officially signed a cooperation agreement on mobile phone shield business framework, marking that UnionPay has formed a strategic alliance with important domestic information security service providers and introduced key participants to this payment ecosystem. CFCA provides electronic certification services to 98% of domestic commercial banks, which is an important link in the mobile phone shield industry chain. Through this strategic cooperation, UnionPay's mobile shield products have become a highly competitive mobile security comprehensive solution on the market. CFCA has also implemented mobile shield projects in many banks such as Huishang Bank , Lanzhou Bank , Bohai Bank , etc.Next step, UnionPay will rely on mobile phone shield products to continuously deepen the scope and depth of cooperation with mobile phone manufacturers and industry merchants. China UnionPay will implement the concept of "payment for the people, payment is convenient for the people" and give back to individuals and corporate users with more convenient, safe and high-quality innovative payment services.
Mobile Shield Opening Process
Mobile Shield Usage Process
