Tag: mobile payment security

Cellum showcases its secure mobile payment solution in London – Hungarian CellPay technology suitable for Western European markets

Guest Post
Mobile Payments

Budapest, February 1st 2012 – At London’s Mobile Payment and NFC conference, industry experts will exchange ideas on expected trends in mobile payment and purchasing this year. The three-day event is co-sponsored by Hungary’s Cellum Group, creator of the CellPay secure mobile payment system. The company’s innovative solutions include the MasterCard Mobile service whose world premiere in Hungary last autumn will soon be followed by its launch in other markets. Cellum’s innovative technology is not operator-specific. The Hungarian company’s CellPay system, presented by Cellum CEO & President and János Kóka…

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Electronic pickpocketing may be a major risk for NFC-enabled mobile devices

Sam Lambert
Mobile Security

As more major financial and technology companies investing in near-field communication (NFC), mobile commerce may soon become a major part of the worldwide society. With commerce evolving, new dangers are being discovered that put people’s money at risk. NFC technology, essentially, transforms any smart phone into a mobile payment device by enabling that mobile device to store its owner’s financial information. Smart phones are popular targets for theft, but today’s criminals are adapting to a new world where technology has become a significant force. Pickpocketing has existed since time immemorial…

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European Union debates mobile payment regulations as more industry giants take part

Julie Campbell
Mobile-Commerce

Regulators in the European Union may choose to stimulate payments using mobile devices as those in other areas face struggles with services that are currently drawing the participation of industry leaders such as Apple Inc., Google Inc., and Visa Inc. According to a document produced by the European Commission that looks into perspectives for future industry regulations, the region doesn’t yet have a “concrete European framework” in place for systems that provide customers with the ability to buy products and services using their mobile phones. The document stated that “As…

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Laptops will soon have near field communication, too!

Sam Lambert
NFC Laptop

Though the majority of people think of mobile devices – specifically smartphones – when they hear about near field communication (NFC), laptops may soon be joining the world of this technology. Google has been trying very hard to have NFC technology included in Android smartphones so that Google Wallet will have the opportunity for massive expansion. It has also been estimated that Apple may add it to its 2012 iPhone, after it was left out of the most recent version of the device. NFC is already opening the doors for…

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MasterCard and Intel partner together for online and mobile payment transactions

Stephanie Beck
Mobile Payment Industry

MasterCard and Intel have announced a new collaborations where they will work together to improve the overall online shopping experience through the payment process and better security. This partnership will last several years and will bring together the expertise that MasterCard has in commerce and payment processing with the chip-based security strength of Intel. The concept of this collaboration is to make the checkout process much safer and easier for both online merchants and their customers who use the latest PCs such as thin laptops called Ultrabooks (for example, the…

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