Security Implications for Mobile Payment

WAKEFIELD, Mass. — When it comes to payment security, retailers tend to think of the PCI (Payment Card Industry) standard that they are obliged to follow if they process credit and debit card transactions.

However, the security of payments made by consumers on their NFC-equipped smartphones falls outside of the PCI standard, said Troy Leach, chief technology officer, PCI Security Standards Council here, which oversees the standard. In effect, it’s th

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