Though the door to opportunity may open through this technology, it also presents vulnerabilities. The American smartphone payments market is being powered primarily by small businesses that are using this technology to save money and offer convenience to their customers but it is also opening these companies up to a number of mobile security risks. At the same time, this industry is only expected to continue to grow over the next few years. Forrester Research has predicted that payments over devices such as smartphones and tablets will increase explosively from…
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