Slepova O.S. Security and Privacy of Mobile Payments
SECURITY AND PRIVACY OF MOBILE PAYMENTS
Oksana S. Slepova
Highest Category Lecturer, Department of Economics and Management,
Volgograd Institute of Business
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Kachintsev St., 63, 400010 Volgograd, Russian Federation
Abstract. The latest smartphones make life easier for their customers. Mobile banking in smartphones is no longer news, but users are just getting used to the opportunity to pay for a purchase by touching the gadget to the terminal using the contactless payment technology. Going into the digital world is fraught with the illusion of security: a smart gadget stands up for itself. But this is true only partly – security depends primarily on the behavior of the user. Therefore, no matter what financial applications are installed on your smartphone, you first need to master the safety technique of mobile payments. As a result of the study, it is necessary to conclude that payment applications should not think about their own solutions, but only need to properly configure the work of pre-installed solutions in smartphones, as well as: 1) regularly check your devices for malicious software; 2) do not enter card data on other people’s computers and smartphones; 3) use stores that use a secure HTTPS connection; 4) to pay for online purchases, it is better not to use your main card, but to have a virtual card.
Key words: smartphone, security, privacy, Secure Element, microprocessor chip, Near Field Communication, electronic wallet, Apple Pay, Google Pay, Samsung Pay, mobile payment, Hands Free, biometric authentication.
This work is licensed under a Creative Commons Attribution 4.0 International License.
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