Evaluating the mobile payment preferences of 1,217 consumers from the U.S., a new Research Now survey revealed that 17 percent of respondents who did not make holiday purchases with their mobile phone last year, plan to use a payment service such as Apple Pay, Android Pay, Samsung Pay or a proprietary service from their bank or card issuer to make the leap to mobile payments this holiday season. People who will not be using their mobile device to make in-store purchases cite identity theft, payment fraud and privacy concerns as the primary reasons. Mobile payment services or digital payment wallets are smartphone payment apps used to pay for goods and services at the point-of-sale (POS). Examples include Apple Pay, Android Pay, Samsung Pay, Google Wallet, Softcard, Starbucks’ mobile payment app, and card issuers’ proprietary payment apps. The research reveals growth in the popularity of mobile payment services this holiday season.
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ORIGINAL SOURCE: Help Net Security