https://javacard.vetilles.com/2010/02/14/magstripe-1-chip-1/ A weblog on Java Card, security, and other things personal Thu, 18 May 2017 07:26:32 +0000 hourly 1 https://wordpress.org/?v=4.0.32 https://javacard.vetilles.com/2010/02/14/magstripe-1-chip-1/#comment-4113 Wed, 17 Feb 2010 18:18:28 +0000 http://javacard.vetilles.com/?p=539#comment-4113 Yes, it really looks like a convinient way to do a payment transaction. The POS in your own pocket.. everyone can become a merchant. I also hope that similar technology will be available in Europe, and not only Magstripe, but also EMV compiant, pairing it contactless..
Regarding your objection about the storage of key material in the phone, it may be overcome by using only online transaction via OTA? I would consider the SIM (as not in the field) a secure element, but this is another topic :).

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