Marie, Lawyer: “Credit card is more secure than mobile payment”
Eli BOMAJED: “Well, not necessarily, mobile payment is even more secure than credit card in some situations. The mobile phone has some benefits that the classic credit card doesn’t offer. Indeed, on a mobile phone, banking data are replaced by single-use data, without storing the credit card number in the smartphone.
When you present your mobile phone to the reader, only one payment transaction will be generated, even if you present your phone several times.
Biometric system – available on some smartphones types – reinforces the security.
At the end, as long as the mobile phone stays in sleep mode, no contactless transaction can be initiated. This is simple, fast and efficient!”