Mobile payments security threat will increase in 2013

mobile security for smartphone

Could worries over the safety of use hold back adoption of this technology? As security is one of the main concerns voiced by consumers and is one of the top issues faced by mobile payments providers, the news regarding the growth of threats next year is not entirely welcome. According to a recent study, the more popular the technology becomes, the greater the number of threats. Mobile payments, like online banking, brings financial access and technology together. Though its use has been picking up, it has in no way reached…

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Mobile security partnership formed among U.S. Government, IQT and Tyfone

nfc technology Mobile Security

NFC technology will be at the center of the strategic investment and tech development deal. Tyfone, a mobility software and NFC technology solutions provider, has just entered into a mobile security agreement with In-Q-Tel (IQT). IQT is a nonprofit that discovers new and innovative technology solutions for the American government. According to the IQT technology vice president, Jay Emmanuel, “Tyfone has an impressive patent portfolio and history of innovation in mobile financial, secure ID management, and NFC solutions”. He added that “We believe that Tyfone’s technology has the potential to…

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Major credit companies come together to make mobile commerce more secure

nfc technology Mobile Security

As mobile commerce begins to gain momentum among consumers, some major credit card companies are developing mobile apps that will boost the security features of NFC-enabled smart phones. Visa, MasterCard, American Express and Discover are all investing in NFC-powered mobile transaction, believing that the mobile commerce will become a favored payment medium in the future. Mobile commerce has been plagued with concerns over security, however, leaving many questioning whether the industry will ever become established. The security issues inherent in mobile commerce are quite glaring. Given that financial information must…

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Ensuring security in a future of mobile commerce

nfc technology Mobile Security

As the number of mobile phones such as smartphones, tablets, and other always-on communication devices become more affordable and more common, the mobile commerce environment is equally on the rise, with all of the security risks that are attached to it. After years of popularity of the internet through standard desktop and laptop PCs, businesses are finally understanding that the walls of their physical brick-and-mortar location no longer define their boundaries. Instead, organizations are extending outward in order to achieve greater agility and flexibility so that they can obtain a…

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