Facial ID proves unpopular among consumers as a mobile payment security verification

iphone facial ID selfie

A new Juniper Research study revealed that over 40 percent of iOS users don’t want to use this security tech. More than one in three iOS device users in the United States do not intend to use facial ID technology as a part of their mobile payment security. This, according to Juniper Research survey findings. The findings suggest that Apple’s own customers may not feel comfortable with the new facial recognition tech. Facial ID tech is among the latest Apple releases. However, its own customers seem to find voice recognition…

Read More

Americans more confident in mobile payment security than global average

visa mobile payment security iphone

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. This goes against many of the main predictions about the use of…

Read More

Mobile payment security concerns may affect European shoppers

mobile payment security cyber wallet

An EU agency is cautioning consumers to be aware of the threats associated with wallet apps. The European Union Agency for Network and Information Security (ENISA) has released a report cautioning consumers about mobile payment security. The ENISA report pointed to an “explosive proliferation of viruses and malware affecting mobile devices.” The report included the results of an ENISA study into the threats within the mobile wallet app environment. The study examined the types of mobile payment security threats that have been effectively holding the ecosystem back. It also underscored…

Read More

Mobile security is no higher in payments apps than other applications

mobile payment security cyber wallet

A recent study of 10 popular digital wallets showed that even basic levels of protection were absent. A recent study conducted on the mobile security associated with the top 10 smartphone payments apps has determined that these applications lack everything from basic protection and controls upward. While the holiday shopping season is now underway, shoppers might want to understand this risk before paying over mobile. American retailers are now in full swing of the holiday shopping season and while many companies feel that this will be the season in which…

Read More

5 Reasons to Implement Mobile Payment Processing

Mobile Marketing for Small Business Owners

Mobile payment processing allows people to use their mobile devices to pay for a variety of products and services. This positively influences many areas of commerce by improving the way companies do business. It offers a variety of benefits that range from superior on-the-go capabilities, flexibility, and affordable pricing to opportunities to attract new customers and increase profit. If these advantages don’t convince you to embrace this payment option, perhaps the following 5 reasons to implement mobile payment processing will be helpful. 1.      Convenience Developed especially for people on the…

Read More