At the Westminster e-Forum, one of the journalists asked me “are mobiles more or less secure than cards?”. It is very difficult to answer this kind of what seems to (but isn’t) a straightforward question. Someone else asked me”are mobile NFC payments secure?”. Well, we are experts in the field and have carried out risk analysis on a number of different systems, so we can only answer “compared to what?”. Anyone who claims that any system is 100% secure hasn’t done their homework, but no-one developing a new payment system would start out with that goal (for the obvious reason that it would be too expensive). What should we compare mobile NFC payments to? I suppose the journalist was right in current circumstances and the benchmark should be plastic cards.
Related posts:
- 3 Unexpected Mobile Payment Challenges
- The next generation of mobile payments – innovation through loyalty
- Will Mobile Payments Be More Secure than Mag Stripe Card Purchases?
Original Post: http://www.chyp.com/media/blog-entry/will-mobile-payments-be-safer-they-are-already-are
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