Recent orders
convenience
and trust
which may increase payments risk going forward as bad actors gain access to personal information stored in the handset or accessed through a phone application. Finally
the growing use of SMS as a common technology for sending a payments message may demand further examination of the need to strengthen data encryption technology (Cynthia 2010).
with funds being sent and received in fractions of a second
payment service providers may not detect suspicious activity in time to suspend a transaction (Pousttchi 2005).