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Data breaches will reduce mobile payment popularity this year

Mobile payments are becoming more appealing, but security issues are going to make some consumers think twice.

Published Tue, Jan 14 2014 5:44 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Analysts believe mobile payments in the United States will increase in 2014, but security incidents like the recent high-profile Target and Neiman Marcus data breaches will limit appeal. Moving forward, using layered security systems, improved authentication, and more vigilance from mobile users can help drive demand.

Data breaches will reduce mobile payment popularity this year | TweakTown.com

Mobile payments have become more common place in Asia and Europe, but still have struggled to take off in the United States. Many companies have the ability to accept various forms of mobile payment, but consumers are still uncertain about the potential benefits of mobile wallets.

With services such as PayPal, Google Wallet, Amazon Payments - and services directly from credit card companies and banks - consumers certainly have a wide variety of different products they can choose from.

NEWS SOURCE:themobilityhub.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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