The first response is that whether it's RBC's solution, where the customer data is in their cloud behind their firewall, or the other NFC solutions, where the information resides on the SIM card, all of that information has been encrypted, de-encrypted, re-encrypted. The level of encryption and security is extraordinary. There is no way for somebody to see personal information based on what is actually residing on the SIM card. That's one of the reasons this is moving forward so well, because of that level of security.
On February 13th, 2014. See this statement in context.