Tag: mobile payments security

Event in Washington, DC, aims to explore the changing field of mobile payments

Stephen Vagus
mobile technology payments money

Event will focus on the convergence of Bitcoin, ATMs, and mobile commerce Experts in the financial services industry will flock to Washington, D.C. in September of this year in order to take part in an event aimed at exploring the convergence of Bitcoin, ATMs, and mobile payments. The event will feature some 40 speakers representing groups like the Bitcoin Investment Trust, RoboCoin, MasterCard, and Verifone. Several attorneys and representatives of the federal government will also attend the event, aiming to establish a better understanding of the payments industry. Digital currency…

Read More

Apple patent hints at future of mobile payments

Stephen Vagus
Apple mobile payments

Apple may be ready to get involved in NFC A new patent filed by Apple suggests that the company may be moving forward with its tentative mobile commerce plans. Apple has opted to take a cautious approach to the issue of mobile payments, having taken note of the serious security issues that are related to this practice. In recent years, the mobile space has been flooded with security problems that have caused significant financial damage to consumers and businesses alike. Mobile commerce has become an attractive target for hackers, and…

Read More

Mobile security weaknesses revealed at Money 2020 in Vegas

Sam Lambert
Money 2020 - First Day - Mobile Security

The general message from the speakers is that awareness will be critical to smartphone payments adoption and success. According to Money 2020 speaker David Abouchar, the senior director of product management at the online and mobile security firm called ControlScan, fraud is among the top barriers to the adoption of smartphone based payments and wallets. According to Abouchar, there are 10 billion acts of fraud on an annual basis. David Abouchar underscored the following important points regarding fraud and mobile security: • What merchants understand of the payment card industry…

Read More

Mobile payments tokenization standard sought by credit card giants

Jesse Collins
mobile commerce payments smartphone shopping

Visa, MasterCard, and American Express have announced their new proposed framework. The three credit card giants, Visa, MasterCard and American Express have unveiled a newly proposed framework for a global standard that would boost digital and mobile payments security, and that would simplify the experience of completing a transaction while shopping over a smartphone, tablet, laptop, or other connected device. The lack of a standard of this nature has been considered a considerable barrier to m-commerce. By developing a global standard, it will make it possible for a whole new…

Read More

Mobile security increased in Australia to tackle fraud

L. Green
mobile security threats

PayPal has announced that it is boosting its anti-fraud efforts for Australians using their services. As mobile security concerns ranging from credit card fraud to identity theft are growing among Australian consumers, PayPal has announced that it is bumping up the efforts that it is making to provide them with the protection they need to trust in the digital payments technologies. This will be accomplished by bringing the seller protection guarantee into the Australian retailer market. This effort by PayPal is being made to strengthen its mobile security credentials within…

Read More