Mobile payments technology, over time, could have a profound impact on the way products are sold, bills are paid and money is transferred around the world.
But some of the experts who look at the new technology say they have unanswered questions about the security and privacy issues tied to the payments format.
The story you’re reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can also buy a 24-hour digital pass or 7-day digital pass.
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In
Mobile payments security tips from NQ Mobile include:
— “Locking” the phone with a password to protect stored data if the phone is stolen or lost.
— Installing security software on the phone.
— Keeping the phone clean of personal data such as address information and bank account information.
— Being very careful not to provide personal information when downloading new apps from unknown sources.
— Being wary of using personal information when connected to the Internet over public WiFi hotspots.
— Notifying the mobile carrier quickly when the phone is stolen so it can disable both the phone and the apps that are on it.