The reason a SecureSIM is required is so that there is a secure module where your card details can be stored, so if your phone is stolen nobody can access the data. Previously (including Android) manufacturers got around this by putting the secure module in the device, but this means that you lose the ease and assurance of the data being transferred to a new device when you move the SIM card
I have remote wipe on WP, but...
If I loose my phone it's the same as loosing my card or my wallet. I call my bank or cc company.
Again my cc, even my debit is just scanned, then I sign or enter my pin. My phone can have a pin that is more secure than just signing, why should I need a secure sim?
ATT in control is bs, needing a secure sim is bs. Red tape is slowing progress.
You need:
- smartphone with nfc
- carrier for "sim card nfc"
- bank for virtual prepaid/debit/credit card
- someone (visa, Mastercard, etc.), for process payments between the banks of merchants and the card issuing banks
Anything with NFC can talk to an nfc card reader my phone could technically send card data.