PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

GlobalPlatform Technology Deployed on 22 Billion Secure Elements

By PaymentsJournal
June 12, 2017
in Press Releases
0
0
SHARES
0
VIEWS
Share on LinkedIn
CO-OP financial services

Businessman pressing hand News Release word on virtual screen. Can bring to the medium of your ad.

Adoptionof industry specifications creates a collaborative, open ecosystem toefficiently deliver and protect secure digital services

12 June 2017 – GlobalPlatform,the standard for the protection and secure management of digital services anddevices, has conservatively estimated that 41% of all Secure Elements (SE)deployed globally between 2010 and 2016 were based on GlobalPlatformSpecifications – a total of 22.018 billion.

“The ongoing adoption of GlobalPlatformSpecifications for SE products demonstrates the market’s awareness of the valueof open standards,” comments Kevin Gillick, Executive Director, GlobalPlatform.“They have been proven to enable collaborative ecosystems in which allstakeholders can efficiently deliver innovative, secure digital services. Thisultimately provides cost and time-to-market efficiencies.”

GlobalPlatform protects digital services bystandardizing and certifying a security hardware / firmware combination, knownas a secure component, which acts as an on-device trust anchor. Devices securedby GlobalPlatform include smart cards, smartphones, tablets, set top boxes,wearables, connected cars, and other internet of things (IoT) devices.

Gil Bernabeu,Technical Director, GlobalPlatform, adds: “One of the key drivers behind theongoing adoption of GlobalPlatform Specifications is the development andrelatively fast adoption of IoT devices, which are increasingly becoming aplatform for DDoS attacks and other breaches. This means that collaborationbetween device manufacturers and service providers to ensure adequate securityis paramount. GlobalPlatformtechnology empowers these stakeholders to interact seamlessly when deployingdigital services, regardless of market or device type. This resultingcollaboration makes mass marketing of digital services possible, while ensuringthe appropriate level of security and supporting privacy requirements.”

GlobalPlatformtechnology is implemented across a wide range of markets globally, includingpayments, telecoms, transportation, automotive, smart cities, smart home,utilities, healthcare, premium content, government, and enterprise ID.

To enable device manufacturers to proactively market their products asmeeting the needs of digital service providers, GlobalPlatform manages a functionalcertification program for SEs. This objectively illustrates that a devicemanufacturer’s GlobalPlatform-based secure component and digital servicemanagement capabilities are interoperable and meet required security levels,providing reassurance that the digital service will perform as intended in thefield. To learn more, attend one of our upcomingSE training sessions in Munich and San Francisco.

GlobalPlatform’s estimations are based on Eurosmart’s SE shipment figures for2010-2016, published in May 2017.

To find out more aboutGlobalPlatform or to become a member, visit www.globalplatform.org.

0
SHARES
0
VIEWS
Share on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    AI-powered fraud prevention

    In the Escalating Fraud Fight, Industry Solidarity Is Imperative

    October 7, 2026
    ownership authentication

    Ownership Authentication: Fighting Fraud Losses and First-Party Risk

    October 6, 2026
    detecting scams

    In a Faster World, Identity Protection Hinges on Predicting Scams

    October 5, 2026
    mobile banking

    Mobile Banking Has the Tools. Now Banks Need to Guide Customers

    October 2, 2026
    ai aml

    Getting Out in Front of Agentic Commerce Fraud

    October 1, 2026
    payment authentication

    Developing Digital Trust Hinges on Unifying Authentication Methods

    September 30, 2026
    cross-border payments

    Banks Built Cross-Border Payments—Fintechs Are Rewriting Them

    September 29, 2026
    Real-Time Cross-Border Dollar and Euro Payments Take Shape,cross-border payment processing, cross-border banking and payments

    Small Businesses Weigh Their Options in Cross-Border Payments

    September 28, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result