Mobile Payments: You IN or OUT?

Have you used any of the Mobile payment applications recently? I am completely hooked on this incredible invention! There is nothing easier than to jump into your local coffee shop, wave your phone up in the air and leave with a nice steaming cup of espresso in seconds. However, with more and more people using mobile payments apps, various experts keep warning us about possible dangers of fraud! And there is a need to be concerned, or at least be wary of our financial privacy, since our bank accounts are more exposed than they have ever been before.

If you are not careful, anyone can take your phone and use it for personal shopping sprees, since there are no laws yet that could force retailers to identify every buyer using mobile payments. One of the ways to avoid being ripped off in the middle of the day is Continue reading

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