Mobile Payments Contactless payment reaches watershed
2013 has seen contactless momentum in the UK grow significantly with 1.5 million Visa contactless transactions being made on London Buses since December, M&S processing over 230,000 contactless transactions every week and the Post Office installing contactless payment terminals in all of its 11,500 branches.
Mobile device crimeware evolves into global criminal marketplace
In a “post-PC” era, mobile devices increasingly present an attractive, practical and economical alternative to traditional desktops. In the coming years, global mobile payments are predicted to exceed $1.3 trillion, moreover, presenting a mother lode of opportunity for cybercrime gangs who appreciate the vulnerabilities of these peripatetic communications and computing platforms, the APWG’s analysis reports.