Currently, payment information such as credit card data in mobile devices is sent directly from a secure element (SE) located in a device such as a mobile phone through proximity interfaces, such as near field communications (NFC), without an associated application processor (AP), such as an application program in the device, accessing the payment information. Preventing the AP from accessing the sensitive payment information is necessary because current payment schemes use real payment information (credit card number, expiration date, etc.) that can be used to make purchases through other means, include online and via the phone, and data in the AP can be intercepted and compromised by rogue applications. Thus, there exists a need for a secure method of executing a commercial transaction that is both secure and user friendly. patentlyapple/patently-apple/2014/01/apple-patent-reveals-secure-iwallet-system-with-ibeacon.html
Posted on: Fri, 17 Jan 2014 01:31:46 +0000
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