Lockstep a "certified innovator"

2 Feb 09: Lockstep Technologies has won a place in the Finextra Innovation Showcase.

In the latest recognition of Lockstep Technologies' breakthrough in combating Card Not Present fraud, we have been selected by leading independent financial technology newswire Finextra in their inaugural Innovation Showcase.

Finextra strategy director Elton Cane wrote the following verdict on the Stepwise CNP solution:

"By finding a new application for digital certificates in an e-commerce and financial services context, Lockstep's approach will likely apppeal to retailers and processors alike, who are under constant pressure to maintain the security of the data they hold about customers. If they no longer have to retain such volumes of [customer] data, they will save significant effort and resources currently expended trying to keep it secure"

Asked what they were looking for in successful Innovation Showcase entries, Elton Cane said:

"Newness, uniqueness and impact; clever ways of solving a problem; and projects at the leading edge of new industry trends.
"In launching the Innovation Showcase, we sought to highlight some of the most interesting financial technology developments over the past 12 months".