FTC Pushes Increased Mobile Payment Security Measures

Law360, New York (March 8, 2013, 6:00 PM EST) -- The U.S. Federal Trade Commission on Friday issued a series of recommendations aiming to bolster privacy protections in the growing mobile payments marketplace, urging companies to incorporate privacy protections at the design level and adopt industrywide security best practices.

In a report drawn from an April mobile payment workshop that brought together regulators, privacy advocates and industry representatives, the agency noted the projected boom in mobile payments as a mainstream method of transactions and warned of multiple hazards consumers could face absent increased planning and oversight....
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