{"id":4584,"date":"2013-09-24T19:15:00","date_gmt":"2013-09-24T19:15:00","guid":{"rendered":"https:\/\/evssolutions.com\/preventing-fraud-using-mobile-application-payments\/"},"modified":"2023-04-19T19:27:26","modified_gmt":"2023-04-19T19:27:26","slug":"preventing-fraud-using-mobile-application-payments","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/preventing-fraud-using-mobile-application-payments\/","title":{"rendered":"Preventing Fraud Using Mobile Application Payments"},"content":{"rendered":"
Do you use a mobile wallet application? Would you use it for paying for Two gas stations in California are testing a <\/span>mobile wallet system<\/span><\/a> with the hopes of The California-based company, Kuapay, created this mobile application Consumers are prompted by a QR code at the pump. They must download <\/font><\/p>\n Kuapay<\/span><\/a> also claims that they provide industry The problem we see with this application is its lack of <\/span>identity verification<\/span><\/a>. Anyone can create an Overall, well have to wait and see if fraudsters decide to take <\/span><\/p>\n [Contributed by EVS Marketing]<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Do you use a mobile wallet application? Would you use it for paying for gas at the pump? If you said yes, youre not alone. Two gas stations in California are testing a mobile wallet system with the hopes of<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-4584","post","type-post","status-publish","format-standard","hentry","category-phone-verification"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4584"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4584\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ngas at the pump? If you said yes, youre not alone.<\/span><\/p>\n
\nincreasing sales and customer retention. This mobile wallet application lets
\nconsumers pay for gas with their smartphones by using a QR code.<\/span><\/p>\n
\nwith the goal of eliminating the fraud risk of credit card skimmers and
\nspeeding up the convenience store process with its secure point-of-sale
\ntechnology. <\/span><\/p>\n
\nthe application on their smartphone and connect a credit card to pay at the
\npump. Kuapay claims to be twice as fast as a debit or cash transaction.<\/span><\/p>\n
\nleading protection and fraud detection in mobile payments. Users are required
\nto use a pin number to enter the application. To create an account users must
\nenter their full name, email address and create a password.<\/span><\/p>\n
\naccount and load a credit card without verifying they are indeed the true
\ncardholder. Being able to easily load credit card information into a <\/span>mobile wallet<\/span><\/a> is likely to be manipulated
\nwith stolen credit cards due to the lack of security and id authentication
\npresent at account creation. While this growing form of payment is moving into
\nretail shops and restaurants, the caution is in the authenticity of the credit
\ncard and payment being used.<\/span><\/p>\n
\nadvantage of this mobile wallet and <\/span>mobile payment
\ntechnology<\/span><\/a> or not. If they do, mobile wallet application companies will need to
\nadd more layers of security to <\/span>prevent fraud<\/span><\/a> and enhance <\/span>identity verification
\nand authentication<\/span><\/a> within their apps. <\/span><\/p>\n