Category: NFC Technology

Not only more and more people doing their online browsing and shopping on their mobile devices, in some third world countries their affordability makes them the only choice for people who want to access the World Wide Web.

Additionally, they can be much more convenient for making transactions, due to NFC systems, and the fact that people often need to engage in ecommerce while on the go. So there is no doubt that there is a demand for a reliable mobile payment system, and that that demand will only be increasing as time goes by, as the number of people enraging in this type of transactions grows, but are mobile devices safe enough to be entrusted with your money?

Well, due to a number of possible methods of payment that you may be interested in, and different devices and platforms they are using, this is not really a question with a definitive answer, but if you know what you are doing and try your best to keep your transactions as secure as possible, you shouldn’t have to worry about the safety of your transactions too much. For instance, certain types of payment practically don’t require you to give out any information apart from your cell number, so you don’t have the risk sharing your information online. Likewise, in direct, bar code payment, you are not required to trust someone with your credit card, while NFC systems are quite secure, and mostly use encoding when performing transactions.

This is to say that, in some aspects at least, mobile payments, that don’t come down to just simply entering your credit card data like you would on a PC, can be much safer than some of the more conventional electronic payment options. However, this is not to say that they are without any risk, which is why you have to take proper precautions. For instance, if you are not using a direct payment method, but instead sending data over a wireless connection, you have to make sure that you are not doing so over an unsecure, public network, like the ones you find malls, coffee shops and the like.

Additionally it would be a good idea to protect your mobile device with antivirus software. The vulnerability of the device will mostly depend on the platform it is using. For instance, iOS, which is a tightly monitored system is considered to be quite a bit more secure than the open Android, but on the other hand, that means that more developers tried to polish out the chinks in Android’s armor with security apps, you only have to take the time to find and install the ones that you feel provide you with the best protection. Most of these apps also give you a way to password protect your device, which is to say that even if you lose it, people probably won’t manage to retrieve the sensitive information that you have on there.

As mobile payments are becoming a more common method of performing financial transactions, more people are focusing on making them safer, which is to say that they are offering more security as each day goes by, but you should probably still only use this method of payment for smaller transactions, and use some of the safer methods for heavier purchases.

Article by Samuel Evans blogger and writer for “Mobile Shop” Samuel currently exploring everything related to mobile phones and gadgets.

This adds one more option to the limited number of cards that are currently available to use.

The joint venture Isis mobile wallet that was created through AT&T, T-Mobile, and Verizon has not been entirely popular among consumers, even after its nationwide launch in November, but the payments option is now working to overcome one of its primary barriers to adoption.

The system is now supporting American Express Serve to help to boost its cards.

One of the primary problems that consumers have had with the Isis mobile wallet is that it supported only two cards. Those are the Chase and American Express cards. This means that if a consumer wishes to try the service he or she must have one of those two cards. It won’t support regular debit cards, nor the two credit card giants, Visa and MasterCard, at the moment. This new addition could help to change that.

The latest change to the Isis mobile wallet could mean that more cards will be compatible, if indirectly.

With the support that the payments service will now have for American Express Serve, it will mean that there could be a roundabout way for consumers to be able to choose their favorite cards to pay for their purchases. The reason is that Serve acts as a kind of digital prepaid card that can be prepaid. This means that it can be loaded with funds from credit cards, debit cards, or a bank account. Once the funds have been added, it can be used in any location that already accepts American Express credit cards.

As Serve has already been doing a great deal better than the Isis mobile wallet, overall, particularly among business clients, it looks as though this could give the program a considerable shot in the arm in terms of its appeal to consumers and its compatibility with the types of cards that they already carry. It has also been considered to be quite helpful in terms of expense management, as it functions in the same way as cash instead of credit. It makes it easier for the user to be able to stick to a budget and pay attention to how much he or she is spending.