Mobile security remains a leading barrier to digital bill payments

Mobile security - Payment Concerns

As much as consumers are more confident in their devices, they still have serious concerns Mobile security was a substantial barrier to the widespread adoption of digital payments and wallet apps, despite the convenience they had to offer their users. Millions of people now use digital payments Still, as much as this technology has increased considerably in popularity in recent years, mobile security is still a leading barrier to its use or to the use of some of its features such as bill payments. About 60 percent of US consumers…

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Consumers love paying bills with mobile wallets, but fees could block growth

Mobile wallets - Paying using phone

Half of consumers say they wouldn’t use this feature if it came with an added cost attached to it. All age demographics are using their mobile wallets to an increasing degree for the purpose of bill payments. Consumers enjoy the convenience of being able to pay their bills whenever and wherever they want. There is certainly an advantage to using mobile wallets when compared to now outdated methods of paying bill such as writing a paper check and mailing it or heading to the bank or institution to make a…

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Americans more confident in mobile payment security than global average

visa mobile payment security iphone

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. This goes against many of the main predictions about the use of…

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Mobile commerce to be simplified by new NFC token system

Mobile Commerce

Companies expand partnership to make mobile commerce more simplistic ACI Worldwide, an international provider of payment solutions, has announced that it will be expanding its partnership with Bell ID, a developer of smart cards and management solutions, in order to simplify the world of NFC mobile commerce. Mobile commerce continues to attract attention all over the world, primarily due to demand from consumers and retail companies. Powered by NFC technology, mobile commerce has experienced a great deal of growth over the past year. This growth has translated into new opportunities…

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