Mobile Payment Apps: Are They Safe? - KMPH FOX 26 | Central San Joaquin Valley News Source

Mobile Payment Apps: Are They Safe?

Posted:
FRESNO, Calif. (KMPH) -

Mobile payment apps are new, fast and convenient. But are they safe?

These apps let you pay for coffee, food and other things by just waving your phone at the checkout stand.

But now the feds are taking a closer look at these apps, because of security issues.

Too many people are finding out the hard way, after the fact, that many of these apps don't have enough security passwords.

If your phone is stolen, these apps could cost you more than you bargained for.

There's no signing a credit card charge slip, no getting asked for identification, and while that's quick and convenient it has some experts worried.

Security expert, Hemanshu Nigam says, "None of that is required so that's a huge security risk."

The Federal Trade Commission wants to weigh the pros and cons of mobile app technology to consumers, including what happens if someone swipes your phone.

FTC spokesperson, Patricia Poss says, "How does the retailer know that is in fact the right consumer who has that phone?"

Most apps allow you to set a password to unlock your account. Experts say use it, it's a good idea.

Another good idea: use a credit card instead of a debit card; this way you can dispute the charges.

Hemanshu Nigam says, "When that bank account debit is done, it's an immediate removal of money from your bank. It's gone."

The FTC says before you download a mobile payment app be sure to find out:

Who can you call if something goes wrong?

Can you dispute purchases with the mobile payment provider?

How can you get your money back?

Does the company provide protection for fraudulent transactions?

Another concern: who's tracking your buying habits?

Patricia Poss says, "One of the things we want to look at is what information is collected from consumers, how is it transferred and who actually gets access to it?"

Security experts say if you have a mobile payment app installed on your phone and your phone is stolen, be sure to alert your credit card company, bank or phone company as soon as possible to help avoid being billed for any transactions you didn't make.

  • Local NewsLocal NewsMore>>

  • Fresno County Sheriff's Deputy and A Man Accused of Breaking Into A Home Get Into A Fight

    Fresno County Sheriff's Deputy and A Man Accused of Breaking Into A Home Get Into A Fight

    A Fresno County Sheriff's Deputy is recovering after getting into a fight with a man trying to break into a home. Investigators say the bad guy tried to run away and that's when the fight happened.
    More >>
    A Fresno County Sheriff's Deputy is recovering after getting into a fight with a man trying to break into a home. Investigators say the bad guy tried to run away and that's when the fight happened.

    More >>
  • Father of Fallen Soldier Speaks About Son's Death & Life

    Father of Fallen Soldier Speaks About Son's Death & Life

    Visalia resident, Frank Williams says his son Keith loved to make his friends laugh but most of all he loved to serve The United States of America.Private First Class Keith Williams died Thursday night near the Afghanistan-Pakistan border.Williams says when the truck Keith was riding in was hit an improvised explosive device.Williams says, "Keith was a dedicated soldier and he loved being a soldier and his mom and I are very proud of his accomplishments. Even though we lost him and it's very...More >>
    Visalia resident, Frank Williams says his son Keith loved to make his friends laugh but most of all he loved to serve The United States of America.Private First Class Keith Williams died Thursday night near the Afghanistan-Pakistan border.Williams says when the truck Keith was riding in was hit an improvised explosive device.Williams says, "Keith was a dedicated soldier and he loved being a soldier and his mom and I are very proud of his accomplishments. Even though we lost him and it's very...More >>
  • Customer Steals Parts While Bike Shop Owner Repairs His Bike

    Customer Steals Parts While Bike Shop Owner Repairs His Bike

    A customerdecided to help himself to bike parts atFulton Cycle Works in downtown Fresno while the ownerwas busy repairing his bicycle. The burglary was caught on the owner's security cameras. The owner Darren Johnson called the thief a semi-regular customer. "It' hurts, it hurts. I take it personal because I have to trust people in this spot to kind of be on their honor."Johnson says the thief helped himself to a pair of gloves, bike grips and a set of tires. He brought a second bike to the s...More >>
    A customerdecided to help himself to bike parts atFulton Cycle Works in downtown Fresno while the ownerwas busy repairing his bicycle. The burglary was caught on the owner's security cameras. The owner Darren Johnson called the thief a semi-regular customer. "It' hurts, it hurts. I take it personal because I have to trust people in this spot to kind of be on their honor."Johnson says the thief helped himself to a pair of gloves, bike grips and a set of tires. He brought a second bike to the s...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.