Researchers create technology that can turn a credit card on and off

Mobile security payments online retail card

With news of Google Wallet not being as safe as it should have been, many consumers are expressing concern over adopting mobile commerce. While telecommunications and technology companies are quick to assure consumers that mobile payment applications will be safe in the future, financial institutions are taking these concerns quite seriously. Many credit companies are working to move away from traditional magnetic strips for their payment cards. In an attempt to modernize commerce, these institutions are beginning to adopt NFC technology. They are also looking to researchers from the Pittsburgh…

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Oracle unveils its multi-channel solution called FLEXCUBE for financial services industry

Mobile trends

Oracle Financial Services has announced the introduction of its FLEXCUBE multi-channel banking solutions which will help financial services organizations to provide their customers with increased personalization to their services through mobile and direct channels. The product is called the Oracle FLEXCUBE Multi-Channel Solution, and it provides new versions of previous product for direct and private banking. This will give banks the ability to offer products and services such as those based on complete portfolio views, over a multitude of different direct channels, including mobile. Through the use of this solution,…

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Google Wallet security compromised with the use of simple brute force programs

Google Wallet

Google’s ambitious endeavor to become a major force in the emerging industry of mobile commerce has been going well. The company’s Google Wallet mobile payment application has been well received amongst consumers with NFC-enabled smart phones. There may be a problem, however, with the security of Google’s system. The acclaimed technology company has been adamant in their claims that NFC transactions with Google Wallet are entirely safe, as the application boasts of a number of high-end security features. It seems that Google did not account for hackers using brute force…

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Worries over privacy and security in mobile

Mobile Commerce

Throughout this year, there will be a great deal of movement toward enforcement in the privacy and security areas of mobile, as many concerns have already been identified regarding the use of mobile apps, discount coupons, and payments. Mobile commerce is seeing an explosive growth, which does indicate that people are starting to become more comfortable with the concept of using their mobile devices to make payments for purchases. That said, there is still a certain degree of worry in the mobile sphere regarding the security of using smartphones for…

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Safety techniques for the use of QR codes

QR Code

Until a QR code is scanned, there is no way to know for certain where it will redirect a smartphone or tablet user, meaning that there is some risk that unethical individuals will use the barcodes to add a malicious code to the user’s mobile device. Fortunately, there are some ways for concerned mobile device users to protect themselves against website links with malevolent codes and infected app downloads. iPhone users don’t need to worry as heavily, as apps for Apple devices are carefully screened to make sure that their…

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