Tag: mobile payment security

5 Reasons to Implement Mobile Payment Processing

Guest Post
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…

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NFC technology in need of rebranding, according to Deutsche Telekom

Stephen Vagus
Deutsche Telekom

NFC technology continues to grab attention from companies and consumers around the world Mobile commerce has managed to gain a great deal of momentum in the relatively short time it has existed. The concept of mobile commerce has transcended into its own full-fledged industry, drawing the attention of large companies like Google, Apple, and others. The development of the industry has relied heavily of NFC technology, which can turn nearly any smart phone into a mobile payment platform. The technology itself has been a subject of interest among telecommunications companies,…

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Visa criticizes the lackluster security measures for PayPal’s new mobile payment platform

John Montgallo
Mobile Commerce

After months of trials with NFC-powered mobile payments, PayPal announced earlier this month that it would be abandoning the technology entirely. The company will instead be adopting a mobile payment system of its own, whose security measures are claimed to be unbeatable. PayPal’s claims have run afoul of Visa, however, who has invested a great deal in NFC technology. The global credit company is well-versed in matters of financial security for consumers and has taken issue with PayPal’s insistence that its own protection methods trump those put in place by…

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Google Wallet security compromised with the use of simple brute force programs

Stephen Vagus
Google Wallet

Google’s ambitious endeavor to become a major force in the emerging industry of mobile commerce has been going well. The company’s Google Wallet mobile payment application has been well received amongst consumers with NFC-enabled smart phones. There may be a problem, however, with the security of Google’s system. The acclaimed technology company has been adamant in their claims that NFC transactions with Google Wallet are entirely safe, as the application boasts of a number of high-end security features. It seems that Google did not account for hackers using brute force…

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