mobile payment security research Archives

Security holds back the progress of mobile commerce in the UK

10/22/201110/21/2011 John Montgallo

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…

Report shows mobile payments open consumers to fraud risk

07/01/2011 Jennifer Goula

According to study results from Gartner research company, Neural Technologies, and others, mobile payments will expose consumers to a significant risk of fraud. That said, mobile payment remains among the most rapidly growing and exciting new technological developments, and it is expected to take off in the very near future. In fact, according to the predictions of Gartner, by 2014, the worldwide value of mobile payment services will be $245 billion. However, along with the growth of the use of the service, the risk of fraud will also rise. It…