Advancements in mobile payment security technology are curbing risks and improving consumer trust beyond levels traditionally associated with plastic payment cards, according to new research from global IT association ISACA.
A complimentary guide released today, “Is Mobile the Winner in Payment Security?,” outlines several advantages of mobile payments relative to physical and e-commerce transactions. Tokenization, device-specific cryptograms and two-factor authentication are described as key improvements positioning mobile payments appeal to both consumers and vendors.