Mobile Banking and Payments Security and Usability: What's in Your Mobile Wallet?:

Mobile Banking and Payments Security and Usability: What's in Your Mobile Wallet?

Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1398

Description

The emergence of mobile banking in the United States will have a significant impact on the future of consumer banking. Central to the success of mobile banking is finding the right balance between security and customer convenience. One specific deployment approach - the mobile wallet - presents particular security concerns for many financial institutions. This TowerGroup ViewPoint provides insight on key issues surrounding handset application, Wireless Application Protocol (WAP)-based mobile banking authentication and security, and the challenges of balancing customer trust with convenience.

Table of Contents

Report Coverage
Background: Exhibit 1 US Banking Delivery Transactions by Channel (2006-10P)
Parsing the FFIEC Requirements: Exhibit 2 Authentication Process in a Digital Wallet for Access to a Customer's Multiple Bank Accounts
Balancing Consumer Trust and Convenience
Enterprise Fraud Prevention
Summary

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