The new service enables keys, certificates and NFC credentials to be stored securely in a remote location, rather than in the mobile device, is fully compatible with standard EMV contactless payments terminals and enables card issuers to deploy NFC solutions without the need to partner with mobile network operators or other third parties. More
The NFC and contactless technology specialist has developed a way to turn NFC phones into “secured antennas” that can securely pull down sensitive data stored in the cloud and present it to a POS terminal or a contactless door lock — without the need to include an NFC secure element in the phone. More
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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