What does TSM mean in UNCLASSIFIED

A Trusted Service Manager (TSM) is an entity responsible for providing secure connectivity, secure storage and the secure transmission of data between mobile devices, SIMs and payment processors. By ensuring the security of these types of transactions, TSMs help to protect financial data and ensure that customers are able to use their mobile services safely.

In recent years, the number of mobile device-based payments has increased significantly, making it more important than ever for financial institutions and payment processors to ensure that all payment transactions are secured with appropriate safeguards. By providing an additional layer of security in the form of trust services managed by a TSM, financial organizations can protect their customers' confidential information and reduce instances of fraud.

In addition to providing secure connectivity between mobile devices and payment processors, TSMs also provide services such as secure storage, authentication management, encryption key management and digital signature verification. These trust services are designed to minimize risks related to fraudulent activities conducted with mobile devices such as phishing or account takeover.

By providing a secure link between mobile devices and payment processing networks, TSMs help to reduce instances of fraud by preventing unauthorized access to sensitive information such as credit card numbers or passwords. Additionally, most TSMs use two-factor authentication techniques such as PIN codes or biometric scans which further bolster security by requiring users to provide additional proof before any transaction can be completed.

The use of a trusted service manager depends on the type and volume of Payment Card Industry (PCI) compliant data that is being stored or transmitted. Organizations that store large amounts or transact with sensitive information should consider using a TSM in order to protect their data from potential breaches or misuse.

The cost associated with hiring a TSM can vary depending on the type and volume of services being provided as well as the complexity of your particular needs. Overall though, most businesses find that having access to constant monitoring and detection capabilities offered by a TSM significantly outweighs any associated costs they may have incurred otherwise had they not invested in this technology.

The deployment time depends on several factors including the size and complexity of your system requirements as well as how quickly you are able to deploy the necessary hardware/software components required for proper operation. Generally speaking however, most organizations can expect their system to be up-and-running within 30 days after hiring a TSM provider.