It’s great to see how you compare with your Food & Beverage peers, especially when it comes to mobile payments and fraud. Our 2017 Mobile Payments and Fraud Report gives insight from over 800 merchant respondents (many of whom are from the Food/Drug and Alcohol/Tobacco industries). Check out this fun infographic and see how your peers feel about the current State of Mobile Payments & Fraud!Read More
Today, Kount released the findings from the fifth annual Mobile Payments & Fraud Survey, which is conducted to understand and measure the state of mobile payments and mobile channel fraud across industries. The report highlighted some surprising findings when it comes to mobile security, given the ubiquity of mobile fraud, and the lack of urgency felt by some merchants to protect themselves against the inevitable risk this widespread adoption presents.Read More
If you missed our webinar on June 8th, “The State of Mobile Payments and Fraud,” this blog post provides a convenient summary recap.Read More
Reading the headlines today, you could get whiplash from the contrasting way in which the mobile revolution is being portrayed. For the "Root of All Evil" angle, consider these stories:
- A woman used her debit card to pay for a slot machine game app on her mobile phone and hours later discovered hundreds of illegitimate purchases totaling more than $5,000
- T-Mobile’s CEO revealed a breach affecting 15 million mobile users: "Records include information such as name, address and birthdate as well as encrypted fields with Social Security number and ID number (such as driver’s license or passport number) and […] this encryption may have been compromised."
- CBS News reported that a little-known global network called Signaling System Seven (SS7) is used by every mobile phone and has a security flaw that is an open secret among the world's intelligence agencies...and hackers. This security flaw can be used to intercept and record anyone’s calls, texts, or movements.
Today, less than 1 in 10 merchants get more than half of their revenue from the mobile channel. But that number is projected to triple to nearly 1 in 3 merchants in just two years. Those compelling numbers come from the recently published Mobile Payments and Fraud: 2016 Report.Read More