How Protected is Your Data with Mobile Payment Processing?

In today’s smartphone-obsessed world, our attention spans are at an all-time low. When we pay for the things we need, we want it to be a transaction completed quickly so we can move on the next item on our to-do list. It’s no surprise then that mobile payments are growing to keep up with that demand. Mobile payment processing has become a necessary component to meet demand and will continue to evolve and grow. According to Apple Insider, by 2020, both Visa and Mastercard have stated that they will require payment terminals in many markets to offer contactless payments. This will not only encourage businesses to embrace the new technology surrounding payment but will give the consumer more options to pay. While these increased payment options will make our lives much simpler, what do they offer in the way of protection? How will our information be kept safe amid the brigands that seek to steal our livelihood? If the retailer you utilize is using a great mobil...