UKFraud seeks to reduce mobile wallet payment risks

Friday 8 November 2013 11:22 CET | News

Risk and fraud prevention consultancy company UKFraud has launched a range of analytical, consultancy and advisory services for businesses in the mobile commerce and payment solutions space.

The consultancy practice was established to provide advice and direction to protect mobile solution providers from creating new payment architecture solutions with insufficient protection from data breaches and other risks.

The new services offered by the practice are designed to deliver an assessment of new wallet product strategies. UKFraud verify that wallet providers incorporate the right customer ID and authentication technologies and processes.

There are a number of different forms of ID and authentication techniques that wallet products can use. These combine traditional physical processes and technology checks with increasingly more contemporary ones such as biometrics.

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Keywords: UKFraud, mobile wallet, fraud prevention
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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