Across the Board

Blog on e-business and online payments.

Tag Archives: PayPass

Do contactless payments also mean contactless theft?

Contactless cardIf you’re an owner of a credit/debit card that allows contactless payments (like Visa PayWave or MasterCard PayPass), you probably have worries like: “Can someone get my card data?” or, what’s even worse, “Can someone steal my money?“. And the answers here are: “Yes, he can” and “yes, he can“.

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Mobile payments with a… wristwatch

Do you think that paying with a mobile phone instead of a credit card is cool? Nonsense! Despite the fact that such solutions still aren’t popular globally, they’re already becoming old fashion. New gadgets and payment methods are being created all the time and that’s great. We – the customers – have a better choice and it’s up to us which solutions will become popular and which will vanish.

One of such new solutions is watch2pay. MasterCard teamed up with Laks and announced the first wristwatch that can be used to make payments. Not only does it sound cool, but it’s also simple and uses a well known technology.

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