The Federal Trade Commission (“FTC”) issued a report earlier this month, titled “Paper, Plastic… or Mobile? An FTC Workshop on Mobile Payments,” as part of the agency’s efforts to ensure that consumers are protected in the growing mobile marketplace.
The report is based on the findings from the Commission’s 2012 workshop, which highlighted key issues facing consumers and companies as they adapt to mobile payment service in a growing arena of convenient payment options for consumers.
The FTC staff report highlights several areas of concern for consumers when it comes to mobile payments, and offered several recommendations for the industry.
FTC Mobile Payments Report: Cramming, Choice, and Payment Chain Encryption
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