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NFC Security Issues Raised

The idea of tapping your phone at the point-of-sale to make payments is indeed quite appealing. Rather than carry around your credit/debit cards, it seems quite convenient to use NFC smartphones instead. Mobile payments, in general, are getting a huge response in many countries in Africa, Asia, Europe and especially North America. NFC mobile payments got a big boost this year with the launch of Apple Pay. With a big player like Apple coming into the field, mobile in-store payments are getting ‘legitimized’ in the US. Other major players in this area include consortiums like SoftCard and MCX, financial powerhouses like Visa and MasterCard and technology giants like Google Wallet and PayPal.

Read the whole story at Let's Talk Payments »

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