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.

Read the rest of SimplyTapp proposes secure elements in the cloud at NFC World.

1. SD Association and GlobalPlatform to set standards for external secure elements
2. KEBT releases operating system for embedded secure elements
3. GlobalPlatform investigates the usability of NFC phones equipped with multiple secure elements

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