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How Secure is that Mobile Wallet?

The very ease that makes mobile payments so appealing – just tap or wave your smartphone or watch to pay – has made some consumers nervous about adopting this technology. People fear losing their smartphones and devices, and their vital credit card information falling into the wrong hands. They also worry about scam artists and hackers intercepting information. But is there really reason for concern? The reassuring word from security experts is that the mobile wallet is actually much safer than the entrenched system of debit and credit cards with their magnet stripes. What Makes It More Secure? For one thing, mobile apps don’t...

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