{"id":4706,"date":"2012-06-12T14:02:00","date_gmt":"2012-06-12T14:02:00","guid":{"rendered":"https:\/\/evssolutions.com\/mobile-payments-the-good-the-bad-the-security\/"},"modified":"2023-04-12T17:59:51","modified_gmt":"2023-04-12T17:59:51","slug":"mobile-payments-the-good-the-bad-the-security","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/mobile-payments-the-good-the-bad-the-security\/","title":{"rendered":"Mobile Payments: The Good, The Bad, The Security"},"content":{"rendered":"

The
\nterm mobile payments is often used interchangeably for mobile banking<\/a> or used as a general term to describe paying for something on your
\nmobile device. What some consumers and even business owners may not understand
\nis that mobile payments<\/a> can mean one of three things. There are three different type of
\nmobile payments: mobile commerce, mobile payments, and mobile wallets. Each one
\naccesses and uses personal information in a different way. Security of personal
\ninformation has become a major concern to both companies and consumers
\nutilizing mobile payments. In an infographic created by SapientNitro, it states
\nthat 69% of users polled in the US and Europe worry about privacy when using
\nmobile payments. Consumers have also ranked they concerns about their credit
\ncard information as the second top reason as to why they dont use mobile
\nshopping more.<\/p>\n<\/p>\n

\"mobile-attitudes\" \"mobile-top8\"<\/div>\n<\/p>\n

One of the largest hurdles that a mobile payment creates is
\nthat consumers and businesses have different obstacles and priorities. The
\nmajor factor that appeals to consumers is convenience whereas the top priority
\nfor companies is security. So is it possible for everyone to win? Absolutely.
\nCompanies just need to realize and understand the threat of ID theft associated
\nwith each type of mobile payment. As Jim Van Dyke stated in his interview with Bank
\nInfo Security<\/a>few banks are utilizing real-time authentication, which is a
\nmajor factor that can improve security and support fraud detection. Using
\nout-of-brand identity
\nverification<\/a> and authentication will
\nnot only give consumer more control, but piece of mind as well.<\/p>\n

\"Mobile-attributes\"<\/p>\n

<\/p>\n<\/p>\n

Infograpic provided by SapientNitro<\/span><\/a><\/p>\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The term mobile payments is often used interchangeably for mobile banking or used as a general term to describe paying for something on your mobile device. What some consumers and even business owners may not understand is that mobile payments<\/p>\n","protected":false},"author":40,"featured_media":4707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4706"}],"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=4706"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media\/4707"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}