The solution gives banks “flexibility of deployment by leveraging cloud and secure element technology to work with all partners for secure mobile payments using NFC, QR code and other technologies,” says CEO Robb ...
Thus far, bank rollouts of mobile payment and wallet services have been hindered by multiple factors from the dependency on the secure element owner, the inability to deploy wallet services across multiple mobile phone operators, to the availability of NFC-enabled devices.
A number of objections have been raised against the HCE-based model of NFC – notably around the relative security of the solution when compared with a SIM-based secure element – although it should be pointed out that ...
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