Collaborate Disseminate
Simple security best practices can go a long way toward securing mobile transactions and payments for both consumers and service providers.
The post Securing Mobile Transactions and Payments in the Age of Connected Devices appeared first on Security Intelligence.
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Although mobile payments are more convenient and arguably more secure than carrying physical credit cards, both retailers and consumers remain wary.
The post The Power of Embracing Change: Why Mobile Payments Are More Secure Than You Think appeared first on Security Intelligence.
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The revised Payments Services Directive (PSD2) is designed to open the online banking and e-commerce markets to new forms of regulated payments.
The post PSD2: Ready, Steady, Go appeared first on Security Intelligence.
The mobile payments market is booming as consumers and merchants increasingly adopt new technology. With convenience, however, come new security concerns.
The post Mobile Payments: Should Security Overshadow Convenience? appeared first on Security Intelligence.
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88% of respondents to a survey conducted by Wakefield Research would stop using digital payments if they personally fell victim to cybercriminal activities as a result of a data breach. Respondents said that they would discontinue use of digital payments if: Money was stolen from a linked bank account – 70% Unauthorized charges appeared on a linked credit card account – 68% A username and password was stolen – 59% They experienced increased spam emails … More → Continue reading Most would stop using digital payments if breached
Concerns about fraud and theft risks are inhibiting adoption of mobile wallets, but businesses underestimate the problem. The survey found more than half of consumers believe mobile wallets are less secure than cash—yet nearly 60 percent of executives say mobile money will build their business because it’s safe. In August 2016, NTT DATA, Ingenico, Oxford, and Charney surveyed 2,000 global consumers and 300 companies worldwide to investigate sentiments, expectations and concerns about the future of … More → Continue reading Security concerns still undermining mobile payments
Mobile point-of-sale technology is useful for small businesses, large enterprise retail chains and global sporting competitions alike.
The post When Souvenirs Cost More Than Pocket Change: Mobile Point-of-Sale Hazards appeared first on Security Intelligence.
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The launch of Microsoft Wallet for Windows 10 users this week marks the latest entry from a major OEM into an increasingly booming mobile payments market. The new offering is only available to Windows Insiders members who have signed up for experimental updates so far, but it shows a clear commitment to take on Apple, Android and Samsung. Digital payments have proven so popular with consumers that MasterCard predicted this week that cash would be … More → Continue reading Microsoft Wallet enters the mobile payments fray: Is the industry secure?
The contactless payment market is expected to grow from USD 6.70 Billion in 2016 to USD 17.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2%, according to new MarketsandMarkets research. The major drivers of this market include reduction in queuing and transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity. … More → Continue reading Contactless payment market to reach $17.56 billion by 2021
A group of researchers has proved that it is possible to break the encryption used by many mobile payment apps by simply measuring and analysing the electromagnetic radiation emanating from smartphones. “We show that modern cryptographic software on mobile phones, implementing the ECDSA digital signature algorithm, may inadvertently expose its secret keys through physical side channels: electromagnetic radiation and power consumption which fluctuate in a way that depends on secret information during the cryptographic computation,” … More → Continue reading Encryption securing money transfers on mobile phones can be broken