Thank you for reading's Technology articles.

Article by

In this article Brian discusses 4 reasons why mobile payments are the future.

4 reasons why mobile payments are the future

 article about 4 reasons why mobile payments are the future
2016-10-19 03:03:34
Despite the popularity of smartphones and other mobile devices, few people use mobile payments when they shop at brick-and-mortar stores. Instead, they still use cash or credit cards. While this trend may last for a while, people will soon start to rely on mobile payments. The following four reasons explain why mobile payments are the future.

Mobile Devices Are More Secure Than Credit Cards

A lot of people worry that mobile payments will expose them to security risks. Hackers steal sensitive information from individuals and businesses daily, so it makes sense to have some concerns.

In reality, mobile payments offer more security than credit cards. When you use a credit card, your account number gets transmitted from the payment terminal to your bank. If hackers intercept the data, they could potentially clone your card or steal your identity.

Smartphone payments take a more sophisticated approach. Instead of sending the same account number for every transaction, they generate unique codes. The code makes it possible for your bank or payment service to send money to the retail store, but the numbers only work one time. Even if a hacker intercepted the information, he or she couldn't do much with it.

Thieves Will Have a Hard Time Using Mobile Payments

It only takes a little misdirection for someone to steal your wallet. Once a thief has your wallet, he or she can potentially add thousands of dollars to your credit card account. Even if you notice that your card is missing, it doesn't take long for a thief to spend a few thousand dollars on clothes, jewelry, or electronics, for example. By the time you contact your credit card company and freeze the account, you could face high charges. Most credit card companies will work with you to eliminate fraudulent charges, but it still creates a lot of anxiety and worry.
Thieves who steal smartphones, however, don't have such easy access to your payment information. They would have to discover your passcode just to look at anything inside your phone. Few thieves have the skills required to do that. As long as you take the proper security measures, it's very difficult for someone to buy items with a stolen smartphone.

NFC Payment Terminals Are Becoming More Popular

There are a lot of retail stores that don't have the right types of terminals to accept mobile payments. This situation is changing quickly, though. When the government started requiring credit card companies to start using chip cards, many retail stores updated their payment systems to offer their customers better security.

By updating to newer payment terminals, companies have steadily increased the number of payment options. Now that more stores have point-of-sale devices with near-field communication (NFC) technology, you can pay for items with your smartphone. You will, however, need an NFC-enabled smartphone like the Samsung Galaxy S7 edge, which can use both Samsung Pay and Android Pay. As long as you and the retailer use the latest technologies, you can pay for your purchases by tapping your smartphone to the payment terminal.

You Have More Payment App Options Than Ever

The number of payment apps available for smartphones has also grown quickly over the last few years. Popular options include:
  - Google Wallet
- Samsung Pay
- Android Pay
- Apple Pay
- Square Wallet
- Venmo
- PayPal

Each of these payment apps offers a slightly unique approach to making payments and protecting your private information. You're not forced to use an app that you don't like. Instead, you can review several to decide which one works best for you. Having all of these choices means that more people will start using mobile payments. If you don't adopt the technology soon, you'll be the only person you know still using credit cards. Eventually, you'll start to look like that annoying person writing a check at the grocery store.
If you want increased security and convenience, then you should take another look at mobile payments. Credit cards are more popular right now, but that will change. You'd might as well get ahead of the trend by finding a mobile payment option that works for you.

have your say

more in Technology
Picking Out the Best Camera for Your Online-Meeting Needs
4 reasons why mobile payments are the future

You canít hold a virtual conference without a microphone and a camera, as these events rely heavily on both visuals and sound.

Your smartphone battery knows more than you think
4 reasons why mobile payments are the future

You know what itís like. Youíre out and about with a smartphone whose battery was fully charged when you left home for the day - but next time you look youíre down to less than 50%.

A closer look into the best all in one online marketing tool
4 reasons why mobile payments are the future

Whatever your job is, truth is that you can only do as good of a job as good your tools are. If you're a grave digger, you need a good shovel. If you're Formula 1 driver, you need a good car to be able to win.

What You Need to Know About Computer Safety
4 reasons why mobile payments are the future

Having your computer hacked is a terrible thing that unfortunately happens to many unsuspecting individuals. Recovering from a hacking attack is frustrating because many of your important files can be lost in the cyber-attack.

Taking Gaming to the Next Level
4 reasons why mobile payments are the future

Online entertainment has come a long way since its introduction in the 1990s. When it first came on the scene, the selection was limited to just a few older games that most people had already lost interest in.

Welcome to TheCheers! We've been around for a long time now, since 2004, publishing articles by people from all over the world. Roughly 300 people from 30 different countries have written for us over the years. Should you want to become a volunteer contributor, be sure to contact us!

Educational resources
Entertainment Blogs
get in touch

You can contact us via The Cheers Facebook page or The Cheers NEW Twitter account.