The sleek, durable design incorporates a certified portable secure element embedded into the microNFC card enabling the phone for payments.
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After powering up a secure element, the used cells are initialized randomly.
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Then ask it to add a prepaid card and it happily finds one already installed in the Secure Element and readies it for use.
The UpTeq NFC acts as a tamper-proof secure element for consumers' confidential credentials and payment data and is a crucial part of enabling NFC transactions.
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The QCA1990 also offers a wide range of secure element options, both embedded and SIM-based, while supporting multiple secure elements concurrently, including support for a dual-SIM configuration.
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Instead of a traditional key stored in the secure element's memory, every single copy of this chip carries a unique fingerprint within the physical structure of its transistors.
WATERLOO, ONTARIO--(Marketwire - Jan 16, 2013) - Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) today announced that its Secure Element Manager (SEM) solution for NFC (Near Field Communication) mobile payments has been approved by Visa.
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It will require an app-specific PIN and in the first release, all payment card credentials will be encrypted and stored on a chip, called the secure element, that is separate from the Android device memory and is only accessible by authorized programs.
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The secure element doesn't necessarily need to have power running through it or to be in the midst of near-field communication in order to yield up its cryptographic key to a clever intruder who has sufficient time and sufficient desire to breach the security of a smartphone, bank card or national border.
Reportedly, users spend only an average of 10-12 seconds solving a PlayThru compared to 16 seconds for a CAPTCHA. More secure, faster, and an element of fun is definitely an improvement, but already attempts at hacking it have been posted on YouTube and discussed at Hack A Day.
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