Along similar lines, something I posted on snackman's board:
http://www.wavedd.com/viewtopic.php?f=4&t=812&start=1100
[cactus note: the dating is approximate]
Hi dreamer,
As usual, I'm presenting an alternative scenario. There's a technological argument. There's a political one. I am not saying the one the MNOs have been pursuing is better. Just that their political power should be acknowledged. When I first started talking about the opportunity in the mobile market (around the year 2000-2001), it became apparent that the mobile phone service providers were in competition with the smart card solutions offered by the financial community. It was at that time I realised that a phone makes a much more powerful solution to exactly the problems that smart cards try to solve. A phone works with a signal. It is a communications device. It is portable. Wave and the financial industry were saying a keyboard and/or a smart card reader could solve important problems. But as I said to awk at the time, you don't need such a large pocket for a phone.
It took a decade for these two industries to find a pathway forwards, and there are still tensions within the industry over the NFC architecture.
So the question is, will the elegant MTM chip model end up being adopted. I can see some of the handset makers would like it to be. I see that global platform has done some work. There's some real money in motion. I think your argument is strengthening. But I think it needs someone to push it the last yard - towards actual adoption. And that someone would be at the end of the supply chain. Someone like DoD.
I just don't think it will be adopted because it is technologically elegant. There's politics and a division of the financial spoils in the secure element design. MTMs disintermediate a bunch of incumbents. These guys have snouts and they want their troughs in place. The MTM design - if it captures the flow of data - turns the MNOs into bitstream providers, which is their nightmare. So it requires force.
Hey, if anyone has tanks to put on Verizon's lawn, it is the US department of defense.
So my point was simply to challenge the method by which you suppose a change will occur. I think it will be done outside the control of the MNOs. The DoD has reasons why it may insist.
Your post: "I'm not going to argue which system is better for all things security in the mobile payment space, I'll leave that to the market. I stated my opinion.
For me and for now I'm glad to see the Trusted Execution Environment make the latest GlobalPlatform paper. We know a tremendous amount of effort has gone into preparing that Secure world of TrustZone and all the players involved. The fact that Trusted Logic and MobiCore are already showing MTM's running as Trusted Applications in TrustZone and in MobiCores case they are running Trustlets in their TEE, well everything awk saw (and of course Wave, barge) is starting to come together.
Now I'm starting to wonder WHO brings Interoperability between the TEE's, could that be the beginning of the Trust Assurance Network (TAN). I think I read somewhere that Wave had such a concept!
Alea, I'm just putting all the pieces of the puzzle out there with everyone else trying to get a grasp on what is possibly coming. To me the future for Wave and it's products looks bright, when I look at the trend of the SP not so bright, go figure 
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