Carta’s CTO speaks on the “Secure Element” – Managing security and usability across multiple SE standards. A Secure Element is a place to put card credentials, at the same time making it as secure as a card.
The big question is, where does that Secure Element reside? Will it be on the SIM, on the device or in the cloud. The key is security and making users feel that their mobile payments are not compromised.Carta works with clients that use all different types of Secure Elements for their mobile payments. Host Card Emulation is a fairly recent technology that utilizes Cloud Based Secure Element and tokenization for security.