Chip and PIN machines are losing their grip in the payments industry, thanks to mobile payments gaining momentum and promising to make daily transactions much quicker and more convenient. But even the smoothest payment method will be shunned if people have little confidence in its security. So when it comes to your card details, what level of safety can you expect in the near future?
A mobile payments system seems like a really cool idea. The idea that a customer can pay for goods by simply waving their mobile phone close to the checkout to complete the transaction. The sale will be over in a flash and then you can be out of the door in a flash. Done and dusted. This is the future and it looks like one that is worth embracing.