SimplyTapp proposes secure elements in the cloud

SimplyTapp

A US-based start-up has developed an alternative approach to storing the sensitive data required to make a transaction with an NFC phone. Rather than placing it in a secure element on the phone, SimplyTapp stores the data in the cloud on a “remote secure element” and passes encrypted transaction data through the phone to a point-of-sale terminal when the user makes a purchase. More












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