Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found. The biggest concerns with mobile payments today are payment information hacks (46%), unauthorized payments processed by a mobile payment provider (33%) and accidental payments made via NFC or QR codes (13%).
- Wells Fargo adds support for Fitbit Pay
- Apple details Apple Pay Cash in updated iOS Security guide
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- One in five Brits to make mobile payments in stores this year