Aluminum foil could be the key to mobile security for NFC-enabled credit cards and smart phones

NFC Security

Mobile commerce is becoming more popular around the world thanks to NFC technology. At this point, mobile payments seem to be inevitable as more companies begin to adopt NFC technology to help facilitate the new form of commerce. Though the concept is gaining momentum, consumers are showing serious concern for the safety of their financial information in relation to mobile payment platforms. NFC technology has enabled consumers to make purchases without making contact with a physical platform. The technology is used in credit cards and some smart phones, making these…

Read More

WiST unveils new sensor technology that could bring more security to mobile commerce and other industries

NFC techology app

As mobile commerce continues to grow in popularity, more technology companies are working to create new security measures for the industry. WiST, a wireless technology firm, has unveiled its latest sensory tracking devices that use NFC technology. The company claims that these new devices could improve the security of a variety of different ventures, including health care services, asset management, and banking. The company says that it could also help stop rhino poaching. WiST sensors are, essentially, NFC tags. As with NFC tags, the WiST sensors can take a variety…

Read More

Researchers create technology that can turn a credit card on and off

Mobile security payments online retail card

With news of Google Wallet not being as safe as it should have been, many consumers are expressing concern over adopting mobile commerce. While telecommunications and technology companies are quick to assure consumers that mobile payment applications will be safe in the future, financial institutions are taking these concerns quite seriously. Many credit companies are working to move away from traditional magnetic strips for their payment cards. In an attempt to modernize commerce, these institutions are beginning to adopt NFC technology. They are also looking to researchers from the Pittsburgh…

Read More

Google to suspend prepaid cards for Wallet platform in light of security issues

Google mobile ads

Following news from Zvelo, a security firm, regarding a serious security issues with Google Wallet, Google’s mobile payment platform, Google has announced that it will be suspending the creation of new prepaid cards. The cards are linked to Google Wallet accounts and can be used to purchase goods from locations that are not capable of processing mobile transactions. Google is planning to address the issue and will resume issuing prepaid cards once the security problem has been resolved. The discovery of the flaw, however, may set Google’s plans for domination…

Read More

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

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…

Read More

Worries over privacy and security in mobile

Mobile Commerce

Throughout this year, there will be a great deal of movement toward enforcement in the privacy and security areas of mobile, as many concerns have already been identified regarding the use of mobile apps, discount coupons, and payments. Mobile commerce is seeing an explosive growth, which does indicate that people are starting to become more comfortable with the concept of using their mobile devices to make payments for purchases. That said, there is still a certain degree of worry in the mobile sphere regarding the security of using smartphones for…

Read More

Safety techniques for the use of QR codes

QR Code

Until a QR code is scanned, there is no way to know for certain where it will redirect a smartphone or tablet user, meaning that there is some risk that unethical individuals will use the barcodes to add a malicious code to the user’s mobile device. Fortunately, there are some ways for concerned mobile device users to protect themselves against website links with malevolent codes and infected app downloads. iPhone users don’t need to worry as heavily, as apps for Apple devices are carefully screened to make sure that their…

Read More

Trends in banking technology that will be important to the mobile environment this year

Mobile Commerce Banking Trends

As budgets for IT begin their rebound, Bank Systems and Technology (BS&T) has created a list of the trends that they expect will shape the way the bank technology industry will look over the next year and beyond. Over the last few years, the budgets for bank IT have remained essentially flat. As the financial and economic crisis took hold, the industry saw an overall tightening of belts. However, 2011, brought the first signs of an ease to that strain on bank IT executives, as they began to see some…

Read More

Better Business Bureau levies tips for consumers to protect themselves against malicious QR codes

mobile security smartphone kill switch

The Better Business Bureau of Kansas has taken notice of QR codes and how they can benefit companies in the state. The organization, which forms and upholds standards of business in and out of the state, says that QR codes, if used properly, can have a major impact on how companies market products to consumers. While QR codes are becoming more popular, consumers are still somewhat unfamiliar with the black and white barcodes. In an attempt to help consumers gain some comfort with using the codes, the organization has released…

Read More

Next year will open up a world of mobile security issues

mobile security smartphone kill switch

Mobile devices such as tablets and smartphones have become the primary form of technology among Americans, and it will become even more important in the years to come. It has been forecasted by analysts in the industry that by the year 2015, there will be over 1 billion mobile device shipments, well beyond what PC shipments can ever hope to achieve. While this does offer a great deal of potential for individuals to benefit, it doesn’t come without a significant level of risk. Naturally, the increased availability and use of…

Read More