Category: Payment Processing Technologies
When mobile transactions first became widely available on platforms like Apple Pay and Samsung Pay, there was a notably slow rate of adoption among both consumers and merchants. The general feeling among the hesitant was that it might not be all that safe in comparison with using a traditional magnetic strip-based transaction. However, as time has gone on, both shoppers and retailers have begun to come around on these platforms, in part because those parties realize mobile is actually more secure.
The added layers of protection built into a mobile payment system make it far safer
than just about any other form of card-based payment on the market today, according to a report from Pittsburgh television station WTAE. That protection includes the simple fact that without actually using a debit or credit card to complete a transaction, there’s less danger of losing it or having the numbers on it photographed.
Read the full blog post on CrowdReviews
: Mobile Payments Continue to Pick Up Steam