Geofencing and location-based services
Geofencing and location-based services
As we shift over a new era with the domination of modern technology, businesses are also expanding and transcending their scope to the virtual world. But, what really awaits these enterprises in the online reality? Businesses today must prioritize mobile security in order to secure user information and ensure the security of all transactions.
This is because some users are afraid to utilize payment applications for security and credibility issues. Businesses that rely on mobile payments must address these problems this year.
In the United States, 56 percent of users feel that mobile payments enhance their chances of becoming a victim of theft or fraud.
Only 5% of these clients feel that mobile payments lessen the likelihood of theft and fraud. Another 13% of US users do not believe it makes a difference.
With so many businesses going mobile and relying on mobile payments to make a profit, there is an anticipation that mobile security will be one of the primary focuses for these enterprises.
If your company provides a mobile payment option, you must address these security risks as soon as possible. The online world is part of the evolution of advancement. Alongside these changes, we must also put one foot ahead in resolving issues that hinder our total progress as a whole.
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