Apple details secure 'touchless' e-wallet strategy in patent filing

http://appleinsider.com/articles/14/01/16/apple-details-secure-over-the-air-e-wallet-strategy-in-patent-filing

Whatever value there is in this, it shows that most people believe payment standards need security elements.

FWIW, I'm rather plotting with a _three-level_ security architecture where:
- the CPU features a crypto processor including a key wrapper/unwrapper
- a TEE (Trusted Execution Environment) does basic key access control including PIN handling
- the OS stores [encrypted] keys and manages key access based on ACLs, Users and possible VEs (Virtual Environments)

Cheers,
Anders