Provided by: International Journal of Advanced Research in Computer Engineering & Technology
Date Added: Sep 2013
Using a mobile phone to make payments introduces traditional and trusted payment methods in the U.S. It also introduces several new technologies to support mobile payments. The unfamiliarity and complexity of the mobile device and associated technologies create security concerns for consumers who want to be confident that their personally identifiable information and actionable financial information are protected in storage and while being used to process a mobile payment transaction, whether that storage is on the mobile device or in the cloud.