LifeLock acquires Lemon

Monday 16 December 2013 09:13 CET | News

US identity theft protection services supplier LifeLock has acquired mobile wallet provide Lemon for almost USD 42.6 million in cash.

In conjunction with the acquisition, LifeLock also launched a new app that uses Lemon technology to allow consumers manage and protect their digital identity. This transaction marks the next step in LifeLock’s evolution by adding a mobile platform to the company’s integrated identity protection services for consumers.

The Lemon Wallet app allows consumers to replicate and store a complete digital copy of their personal wallet contents in one location on their smart device for records backup as well as mobile use of items including credit cards, identification, ATM, insurance and loyalty cards.

The new LifeLock Wallet, available for both iOS and Android devices, offers the same capabilities as Lemon Wallet Plus, plus access to LifeLock’s paid identity protection services.

LifeLock, is a provider identity theft protection services for consumers and identity risk and credit assessment services for enterprises. Leveraging data, science and patented technology from ID Analytics, a wholly-owned subsidiary, LifeLock gains perspective into identity risk for protecting the consumers.

In recent news, Lemon, a US card processor and developer of the Lemon Wallet, has made available Lemon Network. This mobile payment tool aims to enhance the existing Lemon Wallet to make it interactive with merchants’ mobile apps.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: LifeLock, Lemon, mobile wallet
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events