Mobile Payment Systems Could Leave Consumers at Risk
Consumers Union calls on regulators to require mobile payment providers to abide by strong consumer protections. In an article published on PRNewswire, Consumers Union contends recent news stories have highlighted how consumers in the U.S. soon will be able to pay for products and services with a wave of their smart phones. But while mobile payment technologies may offer a convenient new way to pay for goods and services, consumers could be at risk of losing money when mistakes are made by merchants and processors or as a result of fraud, according to Consumers Union, the nonprofit publisher of Consumer Reports.
