Insights From The FTC's Mobile Payments Workshop

Law360, New York (May 4, 2012, 3:03 PM EDT) -- On April 26, 2012, the Federal Trade Commission held a public workshop titled "Paper, Plastic ... or Mobile?" to examine the use of mobile payments in the marketplace and the impact of emerging technologies on consumers. Three consumer issues surrounding mobile payments were highlighted: (1) the lack of clear consumer redress and dispute resolution processes, (2) data security and (3) consumer privacy.

This article summarizes the FTC's workshop and the discussion on these three issues. For industry participants that are involved in the mobile payments ecosystem...
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