Alternatives for Banks to offer Secure Mobile Payments

March 8, 2010 – Mobey Forum has released a white paper which examines the role of the secure element in advancing the mobile financial services ecosystem. Specifically, the paper outlines how different types of secure elements can enable financial institutions to offer mobile financial services. The paper aims to help financial institutions decide upon a role in the mobile financial services value chain and identify suitable business models, aiding the selection of the most appropriate type of secure element technology for deployment.

Targeted at senior management and other decision makers in financial institutions, the paper provides:

• An analysis of the current status of the mobile financial services ecosystem.
• An overview of all stakeholders – including those related to secure elements – in the mobile financial services value chain.
• Detail on the secure element issuance process, lifecycle management and potential Trusted Service Manager pricing models.
• A chapter on the features, application and impact of different secure elements – including stickers, secure micro SD cards, universal integrated circuit card, embedded secure element and trusted mobile base – in mobile financial services.