Slow SIM Security Delays NFC Mobile Payment Programs

Looks like using SIM cards as a secure element for NFC mobile transactions is too slow for public transportation authorities such as Transport For London (TFL). TFL has been rolling out terminals to allow travelers to pay with their new contactless debit and credit cards alongside their smart Oyster cards, and possibly NFC smartphones. Travelers have been able to use contactless credit cards in London buses for a while, and later this year they’ll be able to use them on the Tube, tram, Dockland Light Railway, London Overground and most National Rail services in London.