Tag: Digital Wallets
Digital Wallets and Security – Payments Landscape
If sensitive data is left unprotected, it can result in severe consequences for the service provider’s business, including financial fraud, violations of legal regulations, penalties from the regulators, loss of consumer trust, and identity theft etc. By implementing security measures at the hardware level, a payment processing application can become more resilient to attacks. This effectively secures against malicious attempts prior to reaching the actual application layer.
2012 The Year of Mobile Wallets
The current approach to payment processing has undergone a significant change mobile wallet has transformed our money from paper cash to digital cash. With the introduction of a range of products offered at the merchant end. Companies offering mobile payment solutions are utilizing the capabilities of adaptable and unsealed systems to create a superior level of engagement between buyers and sellers.