Security holds back the progress of mobile commerce in the UK

Mobile Payments

Mobile commerce continues its ambitious, albeit sluggish, growth around the world. With an ever increasing number of NFC-enabled smart phones emerging into the commercial market, mobile commerce is quickly recombining inevitability. While the day may be coming when all transactions are made using a smart phone, such a day may still be far into the future. Mobile commerce is facing major security concerns regarding how safe a person’s financial information really is when it is stored on mobile devices that are easily stolen or hacked. In the UK, the security…

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