60% of leading UK fraud experts believe that mobile payments hold the greatest potential risk of all forms of card fraud, according to a surevy conducted by UKFraud and Card Fraud Conference.
Mobile payments include premium SMS messages, near-field communication (NFC) payments, direct mobile billing and mobile web payments but it is contactless payments via NFC technology which is seen as the biggest fraud risk.
This is mainly due to the fear that anti-fraud and security measures are not keeping pace with the rapidly developing technology of NFC payments.
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