Phone phishing

[Dave Birch] There’s been much comment on this week’s news (well, news for people like us) that PayPal is to launch a mobile payments service. Essentially, customers will pay for something by sending a text containing a product code (from a web site or wherever). They get back an IVR call confirming the transaction and asking them to enter a PIN. The payment is then taken from their PayPal account. This is yet another confirmation that mobile payments is one of the key digital money topics for 2006.

Technorati Tags: , ,


Subscribe to our newsletter

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

By accepting the Terms, you consent to Consult Hyperion communicating with you regarding our events, reports and services through our regular newsletter. You can unsubscribe anytime through our newsletters or by emailing us.