Page 46 - Pay Magazine s2014
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finance & strategy
M-PayMents’ new tools:
The Technology + Services Reshaping Payments Security
Mobile devices are poised to revolutionize
payments security.
By Paybefore Sta
Payments card fraud has been rising sharply in many channels over the last de-
cade, and until recently, it seemed that fraudsters were always one step ahead of the game. But that trend could be coming to an end as a new payments security in- frastructure based on mobile devices begins to rise, according
to top payments industry experts and analysts.
Mobile payments conducted
via mobile devices are far more than just a convenience to con- sumers. Myriad payments security technology and tools available
via mobile devices—from tokeniza- tion to biometrics and multifactor