The UpTeq NFC acts as a tamper-proof secure element for consumers' confidential credentials and payment data and is a crucial part of enabling NFC transactions.
With more and more paymentcredentials now being sent on mobile devices, they may present a more attractive target to financially motivated attackers, subjecting those devices that carry enterprise data to a slew of mobile threats.
It will require an app-specific PIN and in the first release, all payment card credentials will be encrypted and stored on a chip, called the secure element, that is separate from the Android device memory and is only accessible by authorized programs.