Secure element technology provides hardware-based security for sensitive data like payment information and encryption keys.
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Secure element technology is a hardware-based security feature that provides a secure environment for storing sensitive data such as payment information and encryption keys. It often involves a tamper-resistant integrated circuit that can securely store and process data in a protected manner, helping to prevent unauthorized access or tampering with the stored information. Secure element technology is commonly used in devices like smart cards, SIM cards, and secure chips embedded in various devices to enhance security and protect sensitive data.