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Mobile security is no higher in payments apps than other applications

12/07/201512/06/2015 Jennifer Goula

A recent study of 10 popular digital wallets showed that even basic levels of protection were absent. A recent study conducted on the mobile security associated with the top 10 smartphone payments apps has determined that these applications lack everything from basic protection and controls upward. While the holiday shopping season is now underway, shoppers might want to understand this risk before paying over mobile. American retailers are now in full swing of the holiday shopping season and while many companies feel that this will be the season in which…

5 Reasons to Implement Mobile Payment Processing

05/12/201305/11/2013 Guest Post

Mobile Marketing for Small Business Owners

Mobile payment processing allows people to use their mobile devices to pay for a variety of products and services. This positively influences many areas of commerce by improving the way companies do business. It offers a variety of benefits that range from superior on-the-go capabilities, flexibility, and affordable pricing to opportunities to attract new customers and increase profit. If these advantages don’t convince you to embrace this payment option, perhaps the following 5 reasons to implement mobile payment processing will be helpful. 1. Convenience Developed especially for people on the…

Mobile payments success or failure is based on security

09/14/201209/14/2012 Jennifer Goula

The measures taken in this light will define whether or not the industry thrives. The mobile payments marketplace is becoming a crowded place in terms of companies that are – or will be – offering the services, but studies are showing that the only way that consumers will get on board with this new use for smartphone technology is if the security will be shown to be adequate. One survey after the next is showing that the primary hesitation from consumers is over security concerns. Predictions in early 2011 had…

NFC technology in need of rebranding, according to Deutsche Telekom

05/31/201205/31/2012 Stephen Vagus

NFC technology continues to grab attention from companies and consumers around the world Mobile commerce has managed to gain a great deal of momentum in the relatively short time it has existed. The concept of mobile commerce has transcended into its own full-fledged industry, drawing the attention of large companies like Google, Apple, and others. The development of the industry has relied heavily of NFC technology, which can turn nearly any smart phone into a mobile payment platform. The technology itself has been a subject of interest among telecommunications companies,…

Visa criticizes the lackluster security measures for PayPal’s new mobile payment platform

02/20/2012 John Montgallo

After months of trials with NFC-powered mobile payments, PayPal announced earlier this month that it would be abandoning the technology entirely. The company will instead be adopting a mobile payment system of its own, whose security measures are claimed to be unbeatable. PayPal’s claims have run afoul of Visa, however, who has invested a great deal in NFC technology. The global credit company is well-versed in matters of financial security for consumers and has taken issue with PayPal’s insistence that its own protection methods trump those put in place by…