The two companies are working together to integrate Arm's TrustZone technology, which creates a protected area in advanced systems-on-chip, with Proxama's NFC mobile wallet with the aim of designing highly secure environments for NFC payments.
"Arm is excited to be working with Proxama on innovative mobile wallet solutions that can fundamentally improve the security and ease of use for millions of consumers," says Ben Cade, general manager of Arm's secure services division. "2012 will see an explosive growth in smartphones and tablets that have enhanced security based on TrustZone technology and trusted execution environments. These devices will create a new market for trusted services and applications that will drive innovation and enhance user experiences."
"Better security brings better usability, making life easier for us all," adds Miles Quitmann, Proxama's managing director. "We've teamed up with Arm because of their wealth of experience in creating highly scalable, secure systems. We expect to announce our first collaborative prototypes in the coming few weeks."