The Mobey Forum has released a new white paper titled "Alternatives for Banks to Offer Secure Mobile Payments" that "examines the important role of the secure element in delivering mobile payment services to end users." (Both the white paper itself and accompanying slides are available for download). It provides an analysis of the mobile financial ecosystem, the stakeholders, and the value chain positions that can be achieved by banks though different business models.
According to the Forum, "the paper’s key focus is on the role of the secure element, a tamper-resistant hardware element located within a mobile device, which is required to securely facilitate mobile financial services, such as near field communication (NFC) and contactless payments. It highlights the features, application and impact of different secure element technologies including stickers, secure micro SD cards, universal integrated circuit cards (UICC), embedded secure elements and trusted mobile bases."
READ MORE »