Mobile Payments | Key Management and Payments Security Blog - Thales e-Security

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  • Anything you can do, we can do better: the merchant response to mobile payments

    By | October 30, 2012

    Following last week’s ATM, Debit and Pre-Paid Forum in Phoenix, AZ one of the most interesting topics under discussion was the Merchant Customer Exchange (MCX).  The number of mobile payment solutions being offered to merchants seems to increase every day. Normally this would be a good thing but often each solution works in a slightly different way, involves a different risk management model and typically requires the merchants to modify their systems/payment acceptance process.  There is a lot of talk about technology but very little talk about how mobile payments will make more money or reduce costs for merchants.

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  • Consumer Awareness Of Mobile Payments Security Is Growing

    By | October 19, 2011

    This latest survey from Intersperience shows how aware consumers are and how much importance they are placing on security. The survey focuses on the more often talked about side of mobile payments security – the possibility of data being compromised on the phone or intercepted mid-transaction. However, as my colleague has talked about in previous posts, there are a number of other security considerations that are not as widely reported.

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  • Latest P2P payments statistics for the US

    By | November 12, 2010

    Javelin Research has published some interesting findings of a US-based poll on P2P payments. Just eight percent of US consumers with a mobile phone plan to make a P2P transaction in the next year. The report contrasts the US findings with strong mobile P2P adoption in emerging markets where there is a lack of banking infrastructure and of competing P2P payment alternatives.

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  • mPOS - Shielding the customer from complexity

    By | November 20, 2013

    One of the first points made during the biometrics discussion at the World Card Summit yesterday was that the user ‘doesn’t see the security at work’. This was framed in the context of convenience as the driving factor behind adoption of biometric authentication, though the concept also resonates with the technology that powers mPOS (mobile point-of-sale) transactions. If the customer is king, then customer experience reigns supreme.

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  • Apple breathes fresh air into mobile payments

    By | September 12, 2014

    Mobile payments has always sounded cool. It’s fun for consumers, refreshing for merchants and a chance for new players like mobile operators to get a piece of the action – what’s not to like? But the industry is horribly fragmented and has been locked in a ‘battle of the business model’ for years  - the old versus the new, the disruptors and the incumbents. It’s a mess that hasn’t been helped by constant uncertainty over technologies, security and standards. Worst of all, the user’s voice has become silent in a debate that has degenerated into a conversation of self-interest – focused on the ‘how’ rather than the ‘why’.

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  • Trust in the Cloud or Trust in the Phone?

    By | November 01, 2012

    Ian Hermon looks at the approaches for the successful mass adoption of mobile payments among issuers, card schemes, acquirers, merchants and consumers and asks whether the arrival of emerging mobile payment technologies and increasingly secure cloud services will act as a revolutionary or evolutionary force? 

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  • Security Challenges In The Age Of Mobile Payments

    By | May 24, 2011

    It seems that the technology for supporting mobile payments will soon become widely available. Most of the major smartphone operating systems have announced support for NFC. Many big names such as Nokia, Blackberry and HTC have launched NFC phones and some key Mobile Network Operators have made announcements too. However, this new payment eco-system will present an array of security requirements and challenges.

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  • Card or mobile – which will win?

    By | July 29, 2009

    It’s clear that the roll-out of contactless is acting as a driver for payments made via mobile phone handsets. Although the majority of contactless roll-outs to date have been card-based, the mobile is becoming a strong contender as the future de-facto device for contactless payments. Initially held back by a lack of consensus between the mobile and banking worlds, there have been some recent developments which are taking us a step closer to enabling widespread mobile payments, particularly in Europe.

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  • Paym, Secure’em

    By | April 29, 2014

    Paym, a new payment service enabling bank customers to send money to other people using just a mobile phone number launched today. This is further proof that the payment industry has the potential to undergo dramatic change. As in any industry, when there is change, we must be prepared to break free from the shackles of traditional best practice. Not everything – including security – will always be managed the way it has been.

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  • From the Device to the Server: Google Wallet Simplifies Approach to Mobile Payments

    By | August 22, 2012

    Earlier this month, Google announced that consumers would have the ability to enlist their own financial card information onto their Google Wallet instead of waiting for their bank to board their card credentials. This approach supports the ‘consumer centric’ model for mobile payments vs. having interested parties such as banks, mobile network operators, etc. in control.

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