Scary Samsung Pay security flaw identified

Samsung Pay Security

A company representative has revealed that the mobile wallet may not be as safe as previously believed. A Samsung Pay security flaw has been identified. A representative of the company has released a statement to the public to help to explain the problem. The scary component of this report is that it could place the transaction details in the hands of a hacker. This has arrived at a time when mobile payments are only just starting to be accepted by consumers. Among the main barriers to the adoption of mobile…

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Yandex uses payment QR codes to woo merchants

payment fraudulent qr code

The company is launching a new mobile payments feature with retailers and other sellers in mind. Yandex.Checkout announced the launch of a new type of mobile transaction using payment QR codes. The goal is to appeal to merchants that are seeking to open up their options to smartphone based payments via barcode scans. Interested merchants will need to add quick response codes to their merchandise so shoppers can scan them. Consumers will need to have downloaded the Yandex.Money mobile app in order to scan the payment QR codes. The quick…

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Top mobile payments app users are Millennials

mobile payments app shopping

In China, this generation is leading the way in the use of smartphones as credit and debit cards. A recent study has revealed that mobile payments app use is greatly driven by Millennials. The research indicated that Chinese device users between the ages of 21 and 39 are top users of these applications. Mobile wallets are seeing the highest use by device owners from 21 to 29 and 30 to 39 years old. eMarketer conducted this research and found that mobile payments app use is high in China. That said…

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QR code transactions complete new Fintech Bank Bunq mobile payments

qr code transactions mobile payments wallet tablet

The bank’s new solution has integrated the quick response codes due to their security and versatility. The topic of QR code transactions generates a considerable amount of controversy in the mobile payments industry. Some experts debate that they are simple, affordable and available to most smartphone users. Others say they are inadequate and will never take off. Bitcoin has been using QR code transactions for quite a while and is seen as strong support for the barcodes. The Dutch “fintech bank” Bunq has now integrated QR code transactions into their…

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Walmart Pay now available in Texas and Arkansas stores

Walmart Pay app QR codes self checkout

The largest retailer in the world is expanding its mobile payments system into more states and locations. The biggest retailer on the planet has already launched its Walmart Pay mobile payments system but now the company is starting to roll it out in an increasingly large number of different locations, the latest of which have included the stores in Arkansas and Texas. With every new store location, the retailer makes itself larger mobile wallet competition for other large players. The goal of Walmart Pay currently appears to be to compete…

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