$NXTD Mobile payment mediums such as magnetic stripe, NFC, 3G and virtually any communication medium are inherently insecure, leaving card numbers and other personal information vulnerable during a payment transaction. Increased use of mobile devices such as cell phones, tablets and digital wallets only exacerbates the security problem. As an increasing number of institutions allow financial transactions to take place over mobile communications, new innovative and flexible solutions are needed to secure critical information.
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