mobile payment security Archives

Mobile security remains a leading barrier to digital bill payments

05/14/202405/13/2024 Sam Lambert

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…

Romania has highest mobile payments use of all Central and Eastern European Countries

12/12/202212/09/2022 Jorge Gonzalez

A recent Visa regional study found that Romanians have the greatest preference to use their phones to pay. Visa recently conducted a regional study on preferred transaction methods and found that Romania had the highest preference for using mobile payments among all eight Central and Eastern European (CEE) countries. The adoption rate for the country was the highest, with about 7 of 10 people using this method. The regional study showed that among CEE countries, Romania had the highest mobile payments adoption rate. Seven in 10 people in the country…

Facial ID proves unpopular among consumers as a mobile payment security verification

09/25/201709/23/2017 L. Green

A new Juniper Research study revealed that over 40 percent of iOS users don’t want to use this security tech. More than one in three iOS device users in the United States do not intend to use facial ID technology as a part of their mobile payment security. This, according to Juniper Research survey findings. The findings suggest that Apple’s own customers may not feel comfortable with the new facial recognition tech. Facial ID tech is among the latest Apple releases. However, its own customers seem to find voice recognition…

Americans more confident in mobile payment security than global average

03/03/201703/01/2017 John Montgallo

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…

Mobile payment security concerns may affect European shoppers

12/28/201612/26/2016 L. Green

An EU agency is cautioning consumers to be aware of the threats associated with wallet apps. The European Union Agency for Network and Information Security (ENISA) has released a report cautioning consumers about mobile payment security. The ENISA report pointed to an “explosive proliferation of viruses and malware affecting mobile devices.” The report included the results of an ENISA study into the threats within the mobile wallet app environment. The study examined the types of mobile payment security threats that have been effectively holding the ecosystem back. It also underscored…