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Google’s mobile payments platform is now FDIC-insured

Google’s mobile payments platform is now FDIC-insured

Google wins FDIC coverage for its mobile payments service Those using Google Wallet are in for some good news. Funds associated with the mobile payments platform are now insured by the Federal Deposit Insurance Corporation (FDIC). This federal organization provides insurance coverage for funds held by banking institutions up to $250,000. This means that if Google Wallet were to be dissolved entirely, those using the service will not lose the funds they have stored on the … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Commerce Security, Mobile Payments

Samsung will launch mobile payments system using fingerprint security

Samsung will launch mobile payments system using fingerprint security

The technology giant will be rolling out a simple transaction system in South Korea by the end of April. Samsung Group subsidiary, Samsung SDS, which is an IT services firm, has now announced its intention to launch a mobile payments system in South Korea that uses fingerprint scanning technology. While the smartphone payments system will get started in South Korea, it will be expanding in the future. Samsung’s plans appear to be to initially launch the mobile payments … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Commerce Security, Mobile Payments

Mobile commerce fraud is a big problem for merchants

Mobile commerce fraud is a big problem for merchants

Mobile fraud is becoming a problem for merchants that want to engage mobile consumers Mobile commerce is quickly establishing itself as one of the most powerful forces in the commerce sector, powered by the growing number of consumers that have smartphones and tablets. There may be a problem threatening the continued growth of this sector, however, as many businesses may have a lack of awareness about fraud. According to a recent study from Kount, many of … Read entire article »

Filed under: Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends

Consumers are embracing mobile commerce

Consumers are embracing mobile commerce

MasterCard finds that more consumers around the world are showing favor for mobile commerce MasterCard has found that fears regarding mobile commerce security may be diminishing among consumers, especially those in Asian countries. According to a recent study from the company, which was developed in partnership with PRIME Research, more consumers are talking about mobile payments. The study tracked 19.1 million social media posts across prominent platforms throughout the world, finding that consumers, and merchants, are … Read entire article »

Filed under: International, Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends

Mobile security effort made with new cap on stolen phone bills

Mobile security effort made with new cap on stolen phone bills

In the United Kingdom, networks have now placed a limit of £100 on the size of a smartphone bill following a theft. Smartphone owners in the United Kingdom can breathe a bit of a sigh of relief when it comes to the latest move that has been made to help to boost their mobile security – or at least the fraudulent charges that they could face – in the case of a stolen device. As a result … Read entire article »

Filed under: International, Mobile Commerce Security, Trends